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Walgreens

11343 US HIGHWAY 319 N, THOMASVILLE GA 31757
$5,400,000 6.11% Cap 14,500 sq ft Built 2008 Representative Photo Print This Page

Location

11343 US HIGHWAY 319 N, THOMASVILLE GA 31757

Price: $5,400,000
CAP Rate: 6.11%
Net Operating Income: $330,000
Square Footage: 14,500
Lot Size: 2.32 AC
Year Built: 2008

100% Fee Simple InterestAbsolute NNN LeaseInvestment Grade CreditLocated on a Major Commercial ThoroughfareLong Term NNN LeaseS&P Rated BBBSurrounded by Major RetailersZero Landlord Obligations

The subject offering is a fee simple interest in an absolute net leased Walgreens in Thomasville, Georgia. There are 13 years remaining on the initial term, with the lease calling for zero landlord obligations. The tenant has ten 5 year options to renew. The subject property is well situated on a major commercial thoroughfare and is located at a signalized intersection. Nearby retailers include Walmart Supercenter, Belk, Wendy’s, Chick-fil-A, McDonald’s, and many more.

Thomasville is the county seat of Thomas County, Georgia, United States. The population was 19,340 at the 2013 United States Census, making it the second largest city in southwest Georgia after Albany.
The city deems itself the “City of Roses” and holds an annual Rose Festival. The city features plantations open to the public, a historic downtown, a large farmer’s market, and a 337-year-old oak tree at the corner of Monroe and Crawford streets.

In 2016, Thomasville was featured as the second-best historic small town in USA Today on one of the paper’s 10 Best Lists.

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Jacob Abusharkh Managing Principal View profile
Kase Abusharkh Founding Principal View profile

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