US - Lubbock, TX
MYR 46,828,000 | 6,548 m²
Jones Lang LaSalleAmericas, Inc.(“JLL”) is pleased to offer for sale a brand-new construction, single tenant Walgreens (the “Property” or “Asset”) offering in Gainesville, GA. The Asset is strategically located on a 2-acre hard corner parcel adjacent to Lakeshore Crossing Shopping Center, one of Georgia’s most frequented community shopping centers anchored by Walmart Supercenter, Lowe’s, and Target. The Northeast Georgia Medical Center, located less than 2-miles from the Asset, is a Level 1 trauma center with 557-beds and is positioned next to Brenau University, a four-year institution with over 4,000 students. The greater Gainesville-Hall County MSA is among the top 50 fastest growing metros in the USA and has recently attracted dozens of major corporations to the area.
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 top growth market.