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Walgreens

5675 Jonesboro Rd, Lake City, GA, USA
$4,500,000 7.00% Cap 14,342 sq ft Representative Photo Print This Page

Location

5675 Jonesboro Rd, Lake City, GA, USA

Price: $4,500,000
Cap Rate: 7.00%
Net Operating Income: $315,000
Square Footage: 14,342
Lot Size: 1.63 AC
Market: Atlanta

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeHeavily Trafficked LocationLocated on a Major Commercial ThoroughfareRated CreditS&P Rated BBBScheduled IncreasesZero Landlord Obligations

The subject property is a 14,342 square foot building, leased to Walgreens (WBA) on an absolute NNN lease. The lease is corporately guaranteed and calls for zero landlord obligations. The asset is well located in Lake City, Georgia just 11 miles from Downtown Atlanta. The property is situated near several retailers including Walmart, McDonald’s, Dollar General, Kroger and more.

Lake City is a city in Clayton County, Georgia, United States. The population was 2,612 at the 2010 census. It is bordered to the south by Morrow and to the west and north by Forest Park. Fort Gillem is directly to the north, within the Forest Park city limits. Downtown Atlanta is 11 miles (18 km) to the north.

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    presented by

    Jeff Bracco Director View profile
    Kase Abusharkh Founding Principal View profile

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