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INVESTMENT OFFERING

SAB Capital is pleased to present Walgreens in Gainesville, Georgia. The site is an absolute triple net lease (NNN) with zero landlord responsibilities. There are over two years remaining on term. Walgreens is ceasing operations at the store, and therefore the site will go dark. Strategically located on a signalized hard corner with two points of ingress/egress, the site boasts above average access and visibility. Additionally, it is located on a large lot that is over 2.8 acres in size. Gainesville is a high growth market, with population within 10 miles of the subject growing by over 19% since the 2010 census.

  • Walgreens in Gainesville, GA | Over 165,000 Residents Within 10 Miles of the Subject
  • 2+ Years Remaining on a Corporate Guaranteed Lease | Little Risk of Default Despite Space Going Dark
  • High Growth Market | Resident Population Has Grown By Over 19% Since 2010 Within 10 Miles of the Subject
  • Excellent Real Estate Fundamentals and Strong Market Demographics Can Open Up Buyer Pool to Developers | Local Competition Likely Caused Store to go Dark
  • Signalized Hard Corner Location | Site Features Access and Frontage on Both Browns Bridge Road and Highway 53
  • Pharmacies Have Been Labeled Essential Business and Have Thrived Amid the COVID-19 Pandemic
  • National Retailers Nearby the Subject: RaceTrac, Walmart, Waffle House, and Little Caesars

Tenant Price Cap Rate Lease Type Square Feet Status
Walgreens (Going Dark) $2,450,000 % Closed

Michael Grunberg

VICE PRESIDENT | INVESTMENT SALES

Stephen Asihene

SENIOR ASSOCIATE | INVESTMENT SALES
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