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1602 N Expressway

14,725 SF Retail Building Griffin, GA 30223 $5,886,171 CAD ($400 CAD/SF) 6.25% Cap Rate

Drug Stores Georgia Griffin 1602 N Expressway, Griffin, GA 30223

Investment Highlights

  • Tenant has 13.6-years remaining on an absolute NNN lease structure with minimal landlord responsibilities and 5% rent bumps every 5 years
  • The asset ranks in the 81st percentile of Walgreens stores in the state of Georgia (per Placer.ai)
  • Adjacent to Griffin Crossing and North Griffin Square, which rank in the 99th and 78th percentile of community shopping centers in Georgia
  • Surrounding population of 49,000+ residents within a 5-mile radius
  • The property benefits from exposure to 49,300 VPD along Martin Luther King Blvd (N Expwy) and McIntosh Rd
  • Property is situated on a large ~1.94-acre site approximately 35 miles south of downtown Atlanta

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,725 SF
Building Class
B
Year Built
2007
Price
$5,886,171 CAD
Price Per SF
$400 CAD
Cap Rate
6.25%
NOI
$367,886 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
1.94 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
02
Frontage
137 ft on North Expressway

Amenities

  • Drive Thru
1 of 1

PROPERTY TAXES

Parcel Number 068-04-001 Improvements Assessment $1,319,642 CAD
Land Assessment $753,498 CAD Total Assessment $2,073,140 CAD

PROPERTY TAXES

Parcel Number
068-04-001
Land Assessment
$753,498 CAD
Improvements Assessment
$1,319,642 CAD
Total Assessment
$2,073,140 CAD
(305) 913-5545

  • Listing ID: 33331821

  • Date on Market: 2024-09-27

  • Last Updated:

  • Address: 1602 N Expressway, Griffin, GA 30223

The Retail Property at 1602 N Expressway, Griffin, GA 30223 is currently available For Sale. Contact JLL for more information.

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1602 N Expressway
(305) 913-5545 x

1602 N Expressway

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Alex Sharrin

(305) 913-5545

(305) 913-5545

Noel O'Donnell

(561) 866-8684

(561) 866-8684

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