Walgreens | 9465 Highway 5
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Walgreens 9465 Highway 5
14,356 SF Retail Building Douglasville, GA 30135 £3,529,845 (£246/SF) 7.73% Net Initial Yield
Investment Highlights
- Dynamic Trade Area, with a major regional mall just 1.1 miles to the east and major big box retailers in immediate vicinity
- Population within a 5 mile radius is 89,335 with a Median Household Income of $82,314 and a median age of 36.3.
- Freestanding property located just off I-20 interchange with Ga. Hwy 5 at traffic lit intersection, a 30 minute drive from Atlanta
Executive Summary
Absolute NNN Net Leased property previously occupied by Walgreens, now subleased to pOpshelf, a division of Dollar General: lease term extends to 10/31/27. Features a convenient drive-thru and enjoys high accessibility at a signalized intersection, with additional benefits of being situated along a local bus route. Strategically positioned at 9465 Highway 5 in Douglasville, GA, this property is nestled within a bustling trade area, boasting proximity to a major regional mall and prominent big box retailers. Its standalone structure is conveniently located near the I-20 interchange, just a 30-minute drive from Atlanta.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease Sold
Property Type
Retail
Property Subtype
Building Size
14,356 SF
Building Class
C
Year Built
2002
Price
£3,529,845
Price Per SF
£246
Net Initial Yield
7.73%
NOI
£272,786
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Land Acres
1.38 AC
Zoning
CG - General Commercial
Parking
57 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Signage
- Signalised Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0025-01-6-0-001 | Improvements Assessment | £293,784 |
| Land Assessment | £270,992 | Total Assessment | £564,775 |
PROPERTY TAXES
Parcel Number
0025-01-6-0-001
Land Assessment
£270,992
Improvements Assessment
£293,784
Total Assessment
£564,775
-
Nathan Werner -
Retail Sites International
(954) 563-8400
x102
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Walgreens | 9465 Highway 5
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