For Sale
$2,403,616
405 Hill St Griffin, GA 30224
Net-lease Walgreens, strong tenant, high ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 20% rental increase opportunity in 3 years; Walgreens seeking 10-year extension.
- Walgreens investment at a low price point.
- Excellent location adjacent to Ace Hardware and near other national retailers (Lowe's, Kroger, etc.).
- Corporate guarantee by Walgreens Boots Alliance (WBA), BBB- credit rating.
- 10-year lease extension signed in 2017.
- 20% rental increase potential in 2027.
Property Details for 405 Hill St
- Property type
- Retail properties, Drug stores
- Square Feet
- 11,220 SF
- Class
- B
- Year Built/Renovated
- 1996/2017
- Buildings
- 1
- Stories
- 1
- Units
- 1
Location Insight
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Latitude
- 33.244417679743
- Longitude
- -84.264454094578
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Net-lease Walgreens, strong tenant, high ROI.
- Where is the retail property located?
- The property is located at 405 Hill St Griffin, GA.
- What is the asking price?
- The asking price for this property is $2,403,616.
- What are key features of this property?
- This property features: 20% rental increase opportunity in 3 years; Walgreens seeking 10-year extension.; Walgreens investment at a low price point.; Excellent location adjacent to Ace Hardware and near other national retailers (Lowe's, Kroger, etc.).
- How can I contact the broker?
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