WALGREENS | $9,945,000 | 5.00% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Walgreens a single-tenant property located at 3188 Highway 278 Northeast, Atlanta (Covington), GA 30014.
The subject property is comprised of 14,820 square feet, built-in 2012. The building sits on a large 1.8 acre lot located just off Highway 278 NE (±25,900 VPD).
Walgreens operates on an absolute-net group lease backed by a corporate guaranty with 16 years remaining. At the end of the initial term, Walgreens will have fifty, one-year options to extend.
Walgreen Company or simply Walgreens is an American company that operates as the second-largest pharmacy store chain in the United States behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. As of August 31, 2018, the company operated 9,560 stores in all 50 states, the District of Columbia and the US territories of Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.