Walgreens - Phenix City, AL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a single tenant Walgreens (the “Property” or “Asset”) offering in Phenix City, AL. The Asset is  strategically located on an oversized 3-acre hard corner parcel adjacent to a strong performing Publix Supermarket. Additionally, the Property is a 3-minute drive from Jack Hughston Memorial Hospital, a level-2 trauma facility with 70 beds and 30,000 annual visits. 

The surrounding area boasts average annual household incomes of $114,000 and has experienced an unprecedented 32% population growth since 2010.  Located in the heart of the booming south, the Property is less than 4-miles from downtown Columbus, Georgia, the second largest city in the state.

This high performing Walgreens location generates $3.9 million (RX excluded) in annual sales and ranks in the 74th percentile of most frequented Walgreens nationally, per Placer Ai. Upon close of escrow, Walgreens will execute a 15-year Absolute NNN lease with contractual increases and (12) 5-year renewal options. This Asset provides an opportunity to acquire a long-term cash flow guaranteed by Walgreens Corporate with zero landlord responsibilities in a rapid growth market.

Broker of Record: Elizabeth "Buff" Walker Teague - buff.teague@jll.com - License # AL - 83353-0