Rome, GA
- Absolute net lease with no landlord responsibilities.
- Midnight store with history of strong sales.
- Directly across from a 304-bed full-service hospital a combined traffic ct. of ±48,500 VPD.
- Less than one mile from Shorter University, a private university with 1,800 students and 380 faculty.
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 9,000 locations. This is a true absolute net lease with no landlord responsibilities whatsoever with approximately 5 years, 11 months remaining and 10 (5-year) options to extend. The store is open until midnight every day and the pharmacy is open until 11PM Monday through Friday. This location has a history of strong sales performance.
The subject is situated on the corner of Martha Berry Blvd NW (±21,800 VPD) and Turner McCall (±26,700 VPD) for a combined traffic count of ±48,500 vehicles per day. Floyd Medical Center is a 304-bed full-service hospital located directly across the street from the subject property. This hospital is part of the Atrium Health system who employ over 3,400 at three hospitals in northwest Georgia and northeast Alabama. Shorter Avenue, which turns into Turner McCall Boulevard, is the main retail corridor through the city of Rome with large national retailers such as Walmart, Sam's Club, Lowe's and Harbor Freight.
Shorter University is a private four-year liberal arts university is located on 155 acres approximately 0.9 miles west of the subject property. There are about 1,800 students enrolled and 380 faculty staff. The Forum River Center venue is in the final stages of a $1.4 million dollar renovation and is the largest event facility in North GA. It is home to annual events such college graduations, concerts, conventions, sporting events, and more.
