Price: $3,837,398
CAP Rate: 6.15%
Net Operating Income: $236,000
Square Footage: 15,093
Lot Size: 2.31 AC
Year Built: 2001

The subject offering is a fee simple interest in a net leased Walgreens in Powder Springs (Atlanta), Georgia. There are over eleven years remaining on the initial term, with the lease calling for minimal landlord obligations. Walgreens renewed their lease early, showing commitment to the location. The tenant has eight 5 year options to renew. The subject property is well situated on a major commercial thoroughfare. Nearby retailers include The Home Depot, Publix, Wendy’s, AutoZone, Tire Plus, and many more. The site also benefits from heavy traffic counts of over 20,000 VPD. Reported Sales are as follows:

2018-2019: $1,855,414
2017: $1,839,633
2016: $1,803,829

Powder Springs is located in southwestern Cobb County. U.S. Route 278 (C. H. James Parkway) passes through the city west of its center, leading 5 miles (8 km) southeast to Austell and 11 miles (18 km) northwest to Dallas. Downtown Atlanta is 22 miles (35 km) to the east via US 278 and Interstate 20.