offered for sale · degree business 344 total businesses 3,533 total employees employment 57% white...
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2 WEST MAIN ST., CLAXTON, G., CLAXTON, G2 WEST MAIN ST., CLAXTON, G2 WEST MAIN ST A
OFFERED FOR SALEOFFERED FOR SALEOFFERED FOR SALEOFFERED FOR SALEASKING: $1,984,593.00 | CAP-RATE: 7.25%
Investment Highlights• 7+ years remaining on lease
• $12.70 PSF Entry Rent
• Replaceable rent with future upside
• Rent increases every 5 years during option periods
• Tenant responsible for all government filings, repairs, utilities, and property taxes
• Situated at a signalized intersection
• Former Rite Aid rebranded showing commitment to market
Asset SummaryAnnual Rent $143,883.00
Rent/Month $11,990.25
Rentable Square Feet ± 11,325 SF
Land Area ± 0.96 acres
Tenant Walgreens
Guarantor Corporate
Ownership Type Fee Simple
Lease Type NN
Landlord Responsibilities Roof & Structure
Store Opened 2018 - As Walgreens
Lease Term Remaining ± 7 Years
Rent Commencement 3/16/2017
Lease Expiration 6/14/2027
Increases $1/SF at Each Option
Options Six (6) - 5 Year Options
Rent Schedule
Term Increases Annual Rent Monthly Rent
Current - 6/14/2027 $143,883 $11,990
6/15/2027 - 6/14/20321st Option 7.28% $155,208 $12,934
6/15/2032 - 6/14/20372nd Option 7.81% $166,533 $13,878
6/15/2037 - 6/14/20423rd Option 8.34% $177,858 $14,822
6/15/2042 - 6/14/20474th Option 8.88% $189,183 $15,765
6/15/2047 - 6/14/20525th Option 9.41% $200,508 $16,709
6/15/2052 - 6/14/2057 6th Option 9.41% $200,508 $16,709
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About WalgreensWalgreen Co. owns and operates one of the largest drugstore chains with almost 9,560 store locations within the United States. As a subsidiary of Walgreens Boots Alliance, off ers everything from prescription and nonprescription drugs, as well as general merchandise, including household items, convenience and fresh foods, personal care, beauty care, photofi nishing and candy. Located only 5 miles from each location, Walgreens off ers a Prescription drug service that is its economic backbone, accounting for 67% of sales with retail products accounting for 33%.
In 2018, Wagreens acquired 1,932 stores and three distribution centers from its competitor Rite Aid. These locations are planed to be intergrated into its constantly growing and expanding, by the end of 2020. The integration will further increase the company’s presence and help it achieve the recognition as the country’ largest drug store chain.
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Trade Market Aerial
SubjectProperty
Claxton SquareShopping Center
Newly Constructed
Evans Memorial Hospital
Estimated Cost: 4M
1 Miles 3 Miles 5 Miles
Population
2019 Population 3,308 6,211 8,637
2019 Daytime Population 4,604 7,588 9,613
2019 Median Age 36.2 36.9 37.1
Households
2019 Total Households 1,421 2,642 3,742
2019 Median Home Value $85,773 $93,712 $94,546
Median Household Income
2019 Median HH Income $36,862 $38,861 $40,520
Average Household Income
2019 Average HH Income $50,011 $52,955 $55,9295
Demographics - 1/3/5 Miles
KEY FACTS
8,637Population
37.1
Median Age
2.6
Average Household Size
$40,520Median Household
Income
EDUCATION
21%
No High School
Diploma 39%High School
Graduate
22%Some College 18%
Bachelor's/Grad/Prof Degree
BUSINESS
344Total Businesses
3,533Total Employees
EMPLOYMENT
57%White Collar
29%Blue Collar
14%Services
4.1%
Unemployment Rate
INCOME
$40,520
Median Household Income
$20,738
Per Capita Income
$35,637
Median Net Worth
Households By IncomeThe largest group: <$15,000 (19.3%)
The smallest group: $150,000 - $199,999 (1.5%)
Indicator Value Difference<$15,000$15,000 - $24,999$25,000 - $34,999$35,000 - $49,999$50,000 - $74,999
19.3%
$75,000 - $99,999
10.8%
$100,000 - $149,999
12.0%
$150,000 - $199,999
17.5%
$200,000+
16.3%
+0.9%
11.3%
-0.5%
9.2%
0
1.5%
+1.1%
2.2%
-1.1%+0.1%+0.1%-0.1%-0.5%
Bars show deviation from
Evans County
KEY FACTS
8,637Population
37.1
Median Age
2.6
Average Household Size
$40,520Median Household
Income
EDUCATION
21%
No High School
Diploma 39%High School
Graduate
22%Some College 18%
Bachelor's/Grad/Prof Degree
BUSINESS
344Total Businesses
3,533Total Employees
EMPLOYMENT
57%White Collar
29%Blue Collar
14%Services
4.1%
Unemployment Rate
INCOME
$40,520
Median Household Income
$20,738
Per Capita Income
$35,637
Median Net Worth
Households By IncomeThe largest group: <$15,000 (19.3%)
The smallest group: $150,000 - $199,999 (1.5%)
Indicator Value Difference<$15,000$15,000 - $24,999$25,000 - $34,999$35,000 - $49,999$50,000 - $74,999
19.3%
$75,000 - $99,999
10.8%
$100,000 - $149,999
12.0%
$150,000 - $199,999
17.5%
$200,000+
16.3%
+0.9%
11.3%
-0.5%
9.2%
0
1.5%
+1.1%
2.2%
-1.1%+0.1%+0.1%-0.1%-0.5%
Bars show deviation from
Evans County*5 Mile Radius
KEY FACTS
8,637Population
37.1
Median Age
2.6
Average Household Size
$40,520Median Household
Income
EDUCATION
21%
No High School
Diploma 39%High School
Graduate
22%Some College 18%
Bachelor's/Grad/Prof Degree
BUSINESS
344Total Businesses
3,533Total Employees
EMPLOYMENT
57%White Collar
29%Blue Collar
14%Services
4.1%
Unemployment Rate
INCOME
$40,520
Median Household Income
$20,738
Per Capita Income
$35,637
Median Net Worth
Households By IncomeThe largest group: <$15,000 (19.3%)
The smallest group: $150,000 - $199,999 (1.5%)
Indicator Value Difference<$15,000$15,000 - $24,999$25,000 - $34,999$35,000 - $49,999$50,000 - $74,999
19.3%
$75,000 - $99,999
10.8%
$100,000 - $149,999
12.0%
$150,000 - $199,999
17.5%
$200,000+
16.3%
+0.9%
11.3%
-0.5%
9.2%
0
1.5%
+1.1%
2.2%
-1.1%+0.1%+0.1%-0.1%-0.5%
Bars show deviation from
Evans County
Market OverviewClaxton is a city that sits at the heart of northeast Georgia. The city enjoys easy access to Savannah, Statesboro and Brunswick, Georgia and Jacksonville, Florida. Claxton is an ideal hub for food processors and home to some of the largest beekeeping and poultry industries in the state. The city off ers a welcoming business climate to new and relocating businesses combined with a quality environment exuberant of Southern hospitality and charm. Other major industries in the Claxton area include agribusiness and forestry, industrial development for its large water capacities, natural gas and proximity to the Port of Savannah. The city off ers a welcoming business climate to new and relocating businesses combined with a quality environment exuberant of Southern hospitality and charm.
Evans Memorial HospitalA non-profi t acute care hospital in Claxton, Evans Memorial Hospital off ers an exceptional range of medical services that includes 24 medical capabilities, physician-staff ed Emergency Department, speciality in family practice, cardiopulmonary department, internal medicine, general surgery, an outstanding active medical staff , and a wide array of outpatient services that are available 24 hours a day, 7 days a week.
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Disclaimer: The information contained in this document is proprietary and strictly confidential. I t is intended to be reviewed only by the party receiving it from Bennett Realty & Development, and should not be made available to any other person or entity without the written consent of Bennett Realty & Development. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Bennett Realty & Development has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Bennett Realty & Development and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Bennett Realty & Development or the Seller conducted any investigation regarding these matters
and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Bill HowardManaging DirectorO: 732.837.2999M: 908.612.8931