Walgreens
405 S Hill Street, Griffin, GA 30224
Key features
- 20% RENTAL INCREASE -a large 20% rental increase at the next tenant option. Tenant has reached out to Landlord multiple times about extending the lease for up to 10-years.
- ATLANTA, GA MSA - Griffin is part of the Atlanta Georgia MSA, home to the #1 Busiest Airport in the World and the 9th largest Economy in the United States.
- CORPORATE CREDIT RATED TENANT - Corporately Guaranteed Lease by Walgreens Boots Alliance (WBA), a publicly traded company with a BBB- Credit Rating.
- EXCELLENT AREA - Walgreens is located directly next to national tenant, Ace Hardware and is near several other major national tenants including Advance Auto Parts, Lowe's, Kroger, Aldi, Burger King, KFC, McDonald's, Krystal, Dairy Queen, and many more.
- LARGE FUTURE RENTAL INCREASE - There is a 20% rental increase available in 2027, affording a potential investor significant upside and potential appreciation in value should the tenant exercise their option to renew.
- LOW PRICE POINT WALGREENS INVESTMENT - Rare opportunity to acquire a Walgreens at a low basis.
- MINIMAL LANDLORD RESPONSIBILITY - NN Lease with Landlord responsible for roof and structure only. The Landlord replaced the roof in 2017 which shall provide the future landlord with limited ongoing maintenance.
- SITE COMMITMENT - The tenant signed a 10 year lease extension in 2017, showing their long term commitment to this location.
- STRONG STORE SALES - Walgreens reported $2,421,000 in store sales for the 2023 fiscal year.
Building Details
- For Sale $2,403,616
- Property Type Retail - Freestanding
- Property Size 11,220 SF
- Lot Size 0.99 Acre
- Additional Rent Price on request
- Property Tenancy Single Tenant
- Year Built 1996
- Year Renovated 2018
- Date Updated Oct 6, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Prime Net Lease
Location
- City Griffin, GA
- Zip Code 30224
- Market Atlanta
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Walk score 69/100 Somewhat Walkable
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Bike score 49/100 Somewhat Bikeable
Points of Interest
Chevron
0.34 miles
BP
0.36 miles
Liberty
0.59 miles
Shell
0.78 miles
Marathon
1.51 miles
Gulf
2.50 miles
Murphy USA
2.63 miles
City of Griffin Parking Deck
0.30 miles
Griffin Park & Ride
2.11 miles
Weaver Lot
9.97 miles
Food Depot
1.12 miles
ALDI
1.39 miles
Sears
1.59 miles
Kroger
1.72 miles
Ross
2.29 miles
Marshalls
2.62 miles
Walmart Supercenter
2.70 miles
Bealls
2.73 miles
Belk
2.81 miles
Big Lots
2.87 miles
Listing Summary
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Property Financials 405 S Hill Street is currently listed for sale at $2,403,616 for a price per square foot of $214.23.
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Property Details 405 S Hill Street totals 11,220 square feet of Retail space on a lot spanning 0.99 acres. The property was initially built in 1996, being last renovated in 2018.
Tenancy at 405 S Hill Street is listed as Single Tenant.
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Area Characteristics In terms of ease of commuting, the area has a walk score of 69, indicating that it is somewhat walkable.
Prime Net Lease