Cleveland, GA 30528

Walgreens

Property Address

379 North Main Street, Cleveland, GA, USA

Offering Summary

  • Price: $4,724,000
  • Lot Size: 1.455 Acres
  • Cap Rate: 5.75%
  • Year Built: 2003
  • Building SF: 13,813
  • Status: In Escrow
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  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Walgreens Corporation
  • 5% Rental Increases Every 5 Years - Extremely Rare
  • 15,459 Residents within a 5-Mile Radius
  • High Growth Area - Households Projected to Increase 19%+ in a 3-Mile Radius by 2023
  • Hard Corner Location, Visible to Nearly 27,000 Cars/Day
  • Surrounded by National Retailers - Ingles Markets, Dairy Queen, Huddle House, etc.
  • 58 Miles to University of Georgia and 81 Miles to Downtown Atlanta
  • Average Household Income Exceeds $60K in Surrounding Area

Broker Information