2060 Ga-40Kingsland, GA 31548

Property Details for 2060 Ga-40

Year built

2008

Lot size

1.59 AC

Property size (Sq ft)

14,809 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a 14,809-square-foot Walgreens pharmacy located at a signalized intersection of GA Highway 40 East and Kings Bay Rd in Kingsland, Georgia (31548). The property sits on a 1.59-acre lot with 68 parking spaces and boasts excellent visibility and accessibility, benefiting from a combined 36,000 vehicles per day. The property features a new 15-year lease extension (expiring 02/28/2039), demonstrating the tenant's strong commitment. This is an absolute NNN lease, eliminating landlord responsibilities. Walgreens, a nationally recognized brand with over 8,886 locations, provides a corporate guarantee. The lease includes 5% rent bumps every 5 years, ensuring consistent income growth. The property's strong financial performance is reflected in its 6.25% cap rate and $237,120 net operating income (NOI). Built in 2008, the property is situated within a dense retail corridor, with over 1.3 million square feet of retail space within a 2-mile radius. The surrounding area exhibits significant population growth (87.85% from 2010-2024) and a high average household income ($97,000 within a 3-mile radius). Proximity to major institutions like Southeast Georgia Health System, College of Coastal Georgia, and Camden County High School further enhances the property's value. Nearby destination retailers include Walmart, Lowe's, Publix, and numerous national chains. The property is also conveniently located approximately 12 minutes from the Kings Bay Naval Submarine Base. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant long-term growth potential.

Location Insight

City

Kingsland

County

Camden

State

Georgia

Latitude

30.7801

Longitude

-81.6236

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