Walgreens - Albany
2414 Sylvester Rd
Walgreens - Albany - Retail for sale
•The Property possesses ideal net lease fundamentals, highlighted by an Absolute NNN structure with no landlord responsibilities, over 13 years of remaining primary term remaining before the Tenant’s termination right.
•A Rite Aid pharmacy was located less than a half of mile from the Asset and was acquired by Walgreens with the recent acquisition. Walgreens Company has since shut down the Rite Aid store, and now the Walgreens will be poised for sales growth.
•The lease is guaranteed by Walgreens Company, an investment-grade tenant with a ‘BBB’ credit rating from Standard & Poor’s. Walgreens is an industry-leader in the retail pharmacy industry with over 9,500 locations throughout the United States.
•The Asset is strategically located within Albany, GA located along Highway 82 that sees over 17,000 VPD. The parcel size is over 3.5 acres, and provides unparalleled frontage and visibility to a lighted intersection with access to a Walmart anchored shopping center.
•Major employers are in close proximity to the Asset including a Marine Corps Logistics Base that employs over 2,400 civilians and 600 Marines, and within 2 miles of a MillerCoors brewery that employs over 600 people.
•Albany, GA is the eight-largest city in the state and has an estimated population of over 77,000 residents. Albany is the principal city in the metropolitan area with an estimated population of 155,000+.
|Tenure Type||Sale / Purchase|
|Property Address||2414 Sylvester Rd, Albany, GA 31705-2469|
|Land In Acres||3.55|
|Building Size||14,708 ft2|
|Tenant's Name||Walgreens Company|
|Credit Rating (S&P)||BBB|
|Credit Rating (Moody's)||Baa2|
|Lease Expiration Date||01/31/2033|
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