Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 4395 Kimball Bridge Rd, Johns Creek, GA (Alpharetta). The offering is 15,120 SF and sits atop 1.94 AC at the hard corner of Kimball Bridge Road & State Bridge Road (120), a signalized intersection that sees nearly 75,000 VPD. The subject property is located in the heart of a strong retail trade area anchored by a Publix next door, with national co-tenants including Chick-fil-A, Chase Bank, Sherwin Williams, and Kroger, among many others.
The submarket is densely populated and highly affluent, with household incomes of $205,000 and 3-mile population counts of over 83,000. Further, the asset serves an active trade area and a local community of 11 schools (elementary, middle, high school, and early education centers) within just 3 miles of the subject property. Walgreens has been operating at the site since the property was constructed in 2000, currently pays $362,880 annually, and features strong reported sales.
Investment Highlights
EXCELLENT EXPOSURE ALONG MAIN THOROUGHFARE
The subject property is located at the crossroads of State Bridge Road (52,400 VPD) and Kimball Bridge Road (19,000 VPD)
CORPORATE GUARANTEE WITH MINIMAL LANDLORD RESPONSIBILITIES
Ownership benefits from a Walgreens Corporate Guarantee, the second largest Drugstore Chain in the country. In addition, the lease calls for minimal landlord responsibilities (Roof & Structure)
HIGHLY AFFLUENT COMMUNITY
Densely Populated Trade Area with a 3-Mile Population of 83,044 people earning over $205,000 annually and a 5-Mile Population of 206,026 people earning over $187,000 annually
LOCATED IN HIGH TRAFFIC RETAIL CORRIDOR
Subject Property strategically positioned within a dense retail corridor home to national ten such as Publix, Chase Bank, Wendy's, Chick-fil-A, Sherwin-Williams and more
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