For Sale
$4,500,000

668 Main StThomson, GA 30824

Georgia Pharmacy, Strong ROI, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 668 Main Street, Thomson, Georgia 30824. The property, built in 2008, encompasses 14,472 square feet on a 1.63-acre lot and includes 59 parking spaces. The building is a single-story structure operating under a Net Lease (NNN) agreement with a corporate guarantee from Walgreens. The current lease, commencing September 30, 2008, has a remaining term of approximately 8.9 years, with 10 (5) year renewal options extending to September 30, 2033. The asking price is $4,500,000, representing a price per square foot of $310.95 and a 6.86% cap rate based on a Net Operating Income (NOI) of $308,500. The property enjoys 100% occupancy and benefits from a high-traffic location on Main Street, experiencing over 20,000 vehicles per day. The average household income within a 5-mile radius exceeds $72,000 annually. This turnkey investment offers minimal landlord responsibilities and significant long-term potential. The property's prime location and strong tenant ensure a stable and attractive return on investment.

Highlights

  • NNN Lease with Walgreens corporate guarantee; zero landlord responsibilities.
  • Built in 2008, 14,472 SF building on a 1.63-acre lot with 59 parking spaces.
  • Prime Main Street, Thomson, GA location with over 20,000 vehicles per day.
  • Excellent condition, well-maintained interior and exterior.
  • Strong demographics: Average household income exceeding $72,000 within a 5-mile radius.
  • High-yield investment: $4,500,000 asking price, 6.86% cap rate, $310.95/SF.

Property Details for 668 Main St

Property type
Retail properties, Drug stores
Square Feet
14,472 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
71,003 SF
Units
1

Location Insight

City
Thomson
County
McDuffie
State
Georgia
Latitude
33.483573
Longitude
-82.5045698
668 Main St, Thomson, Georgia

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668 Main St
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