- Top 10 Atlanta MSA location just 25 miles north of downtown Atlanta.
- Affluent demographic area with household income of over $170,000 in a 3-mile radius.
- Absolute net lease with no landlord responsibilities whatsoever.
- Located on retail corridor across from Walmart Supercenter.
Pharma Property Group is pleased to present the opportunity to purchase a drugstore in the Atlanta MSA in Georgia. The Lease income is guaranteed by Walgreens parent corporate (S&P BBB) investment grade, Fortune 500 Company, with over 8,900 locations. The subject property is located about 25 miles north of Atlanta, in the Atlanta MSA. This is the most populous MSA in the state of Georgia and the ninth largest in the United States with over 6,000,000 residents. This is a true absolute net lease with no landlord responsibilities whatsoever with approximately 5 years remaining and 10 (5-year) options to extend.
The subject property is in an affluent suburb of Atlanta. Average household income is $175,619 within a one-mile radius, $170,982 within a three-mile radius and $153,873 in a five-mile radius. Total one-mile population is 8,231, in a three-mile radius is 65,161 and 172,187 in a five-mile radius. This Walgreens is located directly across the street from Walmart Supercenter and within a mile radius are located retail tenants such as Kroger, Publix, Wells Fargo, Bank of America, IHOP and YMCA. Two and one-half miles from where the property is located is the Sandy Plains Centre, a 124,546 square foot shopping center anchored by Kroger with national retail tenants that include Home Depot, Office Depot, Publix and Starbucks.