Description

I am pleased to present this investment opportunity featuring a freestanding Walgreens in Thomasville, the county seat of Thomas County with a population exceeding 46,000. Strategically positioned on the hard corner of Highway 319 North and E. Jackson Street, the property benefits from traffic counts of more than 28,000 vehicles per day at the intersection. The 14,550-square-foot building sits on 2.32 acres and has operated at this location since opening on August 1, 2008. The property is secured by a 25-year initial NNN lease term expiring July 31, 2033, followed by ten additional five-year renewal options. The investment offers annual rental income of $330,000 ($27,500 monthly) and is priced at $5,500,000, reflecting a 6% cap rate—an attractive, long-term net-leased opportunity in a strong retail corridor.