Dallas Acworth Walgreens
4519 Dallas Acworth Highway, Dallas, Georgia 30132
Sold: $4,455,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
14,820 sqft
Land Size
1.62 acres
Zoning
-
Cap Rate
6.24%
Property Description
The subject property is a newly constructed 14,820 SF free standing Walgreens located on 1.62 Acres +/- in Dallas, GA. It is leased to Walgreen Co. on a 75 year absolute NNN lease which will commence with tenant possession that is set for October 15, 2007. Walgreens has the option to terminate after 25 years and every year thereafter with 12 months notice. The lease includes the typical Walgreens percentage rent clauses. The property is located at the corner of Dallas-Acworth Highway and Old Cartersville Road in Dallas, GA. This property is adjacent to a high sales volume retail center anchored by a Publix.
