Former Walgreens - Kennesaw, GA
1550 Kennesaw Due West Rd NW
Former Walgreens - Kennesaw, GA - Retail for sale
•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.
|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|
|Tenant's Name||Walgreens Company|
|Lease Expiration Date||11/30/2024|
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