Walgreens - Griffin, GA
1602 North Expressway, Griffin, GA, 30223, US
THB 143,660,000 | 1,368 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 361 Newnan Crossing Bypass in Newnan, GA.
The Property totals 86,773 SF and features a 15-year lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options.
The asset has an affluent surrounding demographic profile, with residents in a 5-miles radius of the Property earning an average household income of $107,000+. Across the street from the Asset, the Ashley Park Center sees 4.6 million annual visitors.
The Offering provides investors with the opportunity to acquire over 12.5 years of passive cash flow from a national retail tenant, with in-place renewal options, and an exceptional surrounding demographic profile.