Walgreens - Kennesaw, GA
2779 Cobb Pkwy NW
Walgreens - Kennesaw, GA - Retail for sale
•This is a high-performing and highly profitable Walgreens store with extremely strong store sales (sales reports available once under LOI).
•The tenant recently executed a new ten-year lease extension which extends the firm term to 4/30/2030, reflecting the tenant’s long-term commitment to this location.
•Walgreen Co. guarantees the lease, providing ownership exceptional security in the Asset’s income stream, as Walgreens is rated ‘BBB’ by Standard and Poor’s, an investment grade rating.
•The Asset benefits from an affluent and densely-populated consumer base, with over 169,000 residents boasting an average household income of over $94,000 within a five-mile radius.
•Cobb County’s recent development activity, variety of housing options, employment opportunities and proximity to Atlanta have led to a population increase of 9.8% over the past eight years.
•Strategically positioned on the hard corner of a signalized intersection, the Asset is in a prime location that has exposure to traffic counts of 50,000 vehicles per day.
•Kennesaw is home to Kennesaw State University, the third largest university in the state of Georgia with over 35,000 students enrolled.
|Tenure Type||Sale / Purchase|
|Property Address||2779 Cobb Pkwy NW, Kennesaw, GA 30152-3437|
|Building Size||15,120 ft2|
|Tenant's Name||Walgreens Company|
|Credit Rating (S&P)||BBB|
|Lease Expiration Date||04/30/2030|
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