Former Walgreens - Kennesaw, GA

1550 Kennesaw Due West Rd NW Kennesaw , GA 30152

Former Walgreens - Kennesaw, GA - Retail for sale

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Investment Highlights



Walgreen Co. guarantees the lease, providing ownership exceptional security in the asset’s income stream, as Walgreens possesses an investment-grade ‘BBB’ credit rating from Standard and Poor’s.

Operating on an absolute triple-net lease, the property offers a passive investment opportunity for the remainder of the current lease term.

The asset benefits from the area’s robust demographic profile. Kennesaw is a densely-populated and affluent community, and there are more than 148,000 residents and an average household income of $104,000 within an five-mile radius of the Property.

Located at the hard corner near the signalized intersection of Kennesaw Due West Road and Stilesboro Road, the Property’s excellent visibility and accessibility provide long-term intrinsic value.

With more than five years of cash flow in-place before the lease expires, future ownership has time to secure a new tenant while collecting rental payments.


General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 1550 Kennesaw Due West Rd NW, Kennesaw, GA 30152-4338
Land In Acres 2.61
Building Size 10,908  ft2
Financial
Price $3,539,106
Cap Rate 8.50%
Current NOI $300,824.00
Lease
Tenant's Name Walgreens Company
Guarantor Walgreen Company
Lease Type NNN
Annual Rent $300,824.00
Lease Expiration Date 11/30/2024
Remaining Term 5.5Yrs

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