For Sale
$4,353,429

2000 Veterans Blvd Dublin, GA 31021

High-yield Dublin, GA Walgreens

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 14,553-square-foot Walgreens, situated on a 1.46-acre lot in Dublin, Georgia. Built in 2003, the property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $304,740. The Walgreens lease, a triple-net (NNN) agreement with corporate guarantee, features a remaining term of approximately 3.2 years, followed by three 5-year renewal options with rent bumps of $6,912 each. The property enjoys 100% occupancy since its opening in July 2003. Its prime location at the intersection of Hillcrest Pkwy and Veterans Blvd (US-80), a high-traffic area with a combined 25,000 vehicles per day, ensures excellent visibility and accessibility. The surrounding area includes a robust retail corridor featuring major national brands like Walmart, Home Depot, and Kroger, along with significant medical facilities such as the Carl Vinson VA Medical Center and Fairview Park Hospital, within a mile radius. A strong residential population of 25,982 people within a five-mile radius, with an average annual household income of $62,000, provides a solid customer base for the Walgreens store. The asking price is $4,353,429, translating to $299.14 per square foot. This is a rare opportunity to acquire a well-established, high-performing Walgreens property with a long-term lease and significant upside potential.

Highlights

  • 14,553 SF Walgreens in Dublin, GA, Macon MSA.
  • Triple-net (NNN) lease with corporate guarantee; no landlord responsibilities.
  • Strong location at Hillcrest Pkwy & Veterans Blvd (US-80), high traffic area (25,000 VPD).
  • Excellent surrounding retail (Walmart, Home Depot, Kroger) and medical (Carl Vinson VA, Fairview Park Hospital) amenities.
  • Strong demographics: 25,982 residents within 5 miles, $62,000 average household income.

Property Details for 2000 Veterans Blvd

Property type
Retail properties, Drug stores
Square Feet
14,553 SF
Year Built
2003
Lot Size (sq. ft)
63,598 SF

Location Insight

City
Dublin
County
Laurens
State
Georgia
Latitude
32.5404205
Longitude
-82.9478451

FAQs

What type of property is this?
Retail property - High-yield Dublin, GA Walgreens
Where is the retail property located?
The property is located at 2000 Veterans Blvd Dublin, GA.
What is the asking price?
The asking price for this property is $4,353,429.
What are key features of this property?
This property features: 14,553 SF Walgreens in Dublin, GA, Macon MSA.; Triple-net (NNN) lease with corporate guarantee; no landlord responsibilities.; Strong location at Hillcrest Pkwy & Veterans Blvd (US-80), high traffic area (25,000 VPD).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2000 Veterans Blvd
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