Walgreens (Atlanta MSA) 6671 Covington Highway Lithonia, GA 30058 - The Boulder Group
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CVS - PROSPECT, CT
NET LEASE OPPORTUNITY
Representative Photo
Representative Photo
Walgreens (Atlanta MSA)
6671 Covington Highway
Lithonia, GA 30058
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
CVS - PROSPECT, CT
NET LEASE OPPORTUNITY
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to
be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or
entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide
summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder
Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering
Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and
will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding
these matters and makes 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.
Representative Photo
Representative Photo
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
CVS - PROSPECT, CT
NET LEASE OPPORTUNITY
Representative Photo
6671 Covington Highway, Lithonia, GA 30058 Representative Photo
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located within the
Atlanta MSA in Lithonia, Georgia. The property is strategically located at a signalized intersection in a retail corridor. The
Walgreens features a drive-thru and has excellent visibility along both thoroughfares. There are three years remaining on the
Walgreens lease. Walgreens is the largest drug retailing chain in the United States with over 8,175 locations in the United States.
The 15,120 square foot Walgreens is strategically positioned on the southeast corner of Covington Highway and DeKalb Medical
Parkway. The intersection experiences traffic counts in excess of 22,930 vehicles per day. Retailers located in the immediate area
include Kroger, ALDI, AutoZone, Wells Fargo Bank, Dollar General, Family Dollar, Sonic Drive-In and Papa John’s. The
property is also less than one-mile from DeKalb Medical at Hillandale, a fully licensed emergency care hospital with 100-beds,
and Miller Grove High School, the largest high school in DeKalb County. There are over 68,300 people living within a three mile
radius of the property
Walgreens has three years remaining on their lease which expires June 30, 2021 and features eight 5-year renewal option periods.
Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion.
Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
CVS - PROSPECT, CT
NET LEASE OPPORTUNITY
Representative Photo
Representative Photo
Price: $4,158,000 Net Operating Income: $332,640
Cap Rate: 8.00% Lease Commencement: July 1, 2001
Tenant: Walgreens Lease Expiration: February 28, 2021
S&P Rating: BBB (Investment Grade) Renewal Options: Eight 5-Year
Parking: 84 Spaces Year Built: 2001
Building Size: 15,120 SF Lease Type: NN (Roof, Structure & Parking Lot)
Land Size: 2 Acres
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
Located within the Atlanta MSA Positioned at a signalized intersection along the primary
Investment grade rated tenant (S&P: BBB) east-west thoroughfare in the area (22,930 VPD)
Drive-thru Pharmacy Retailers located in the immediate area include Kroger,
Excellent visibility and convenient access ALDI, AutoZone, Wells Fargo Bank, Dollar General, Family
Over 68,300 people living within a three mile radius of the Dollar, Sonic Drive-In and Papa John’s
property Close proximity to DeKalb Medical at Hillandale, a fully
licensed emergency care hospital with 100-beds, and Miller
Grove High School, the largest high school in the County
1-MILE 3-MILE 5-MILE
Population: 14,525 68,303 157,453
Total Households 5,641 25,950 58,121
Avg. Household Income: $51,038 $55,664 $62,478
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
Randy Blankstein |President Jimmy Goodman |Partner 847.562.0003 www.bouldergroup.com 847.562.8500 randy@bouldergroup.com jimmy@bouldergroup.com
Randy Blankstein |President Jimmy Goodman |Partner 847.562.0003 www.bouldergroup.com 847.562.8500 randy@bouldergroup.com jimmy@bouldergroup.com
Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. The
company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and
Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an
assortment of general merchandise, including non-prescription drugs, beauty products, photo
finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores
and convenient care clinics. It also provides specialty pharmacy services; and manages in-store clinics
under the brand Healthcare Clinic. As of January 31, 2017, this segment operated 8,175 retail stores
under the Walgreens and Duane Reade brands in the United States; and 7 specialty pharmacy
locations, as well as managed approximately 400 Healthcare Clinics. Walgreens Boots Alliance, Inc.
was founded in 1901 and is based in Deerfield, Illinois.
The Walgreen Company is the largest drug retailing chain in the United States. The company is pub-
licly traded on the NASDAQ (Symbol: WBA) with a market capitalization in excess of $88 billion. Both
Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard &
Poor’s rating of BBB. In October 2016 Walgreens Boots Alliance received the United Nations
Foundation Global Leadership Award for its commitment to the UN's Sustainable Development Goals.
Website: www.walgreens.com
Number of Locations: 8,175
Stock Symbol: WBA (NASDAQ)
Standard & Poor’s Rating: BBB
Market Capitalization: $88 Billion
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
Lithonia is a city in eastern DeKalb County, Georgia with a population of roughly 2,000
people. "Lithonia" means "city/town of stone". Lithonia is in the heart of the Georgian granite
-quarrying and viewing region, hence the name of the town, from the Greek λίθος lithos, for
stone. The huge nearby granite dome, Stone Mountain, is composed largely of a rock called
Lithonia gneiss, a form of granite. The area has a history of rock quarries. The mines were
served by the Georgia Railroad and Atlanta, Stone Mountain & Lithonia Railway. Some of
the rock quarries have been converted to parkland and the railines to rail-trail. Lithonia is
one of the gateways to the Arabia Mountain National Heritage Area.
Atlanta is the capital of and the most populous city in Georgia, with an estimated population
of 472,522 people. Atlanta is the cultural and economic center of the Atlanta metropolitan
area, home to 5,710,795 people and the ninth-largest metropolitan area in the United States.
Atlanta is the seat of Fulton County and a small portion of the city extends eastward into
DeKalb County.
In 1837, Atlanta was founded at the intersection of two railroad lines, and the city rose from
the ashes of the American Civil War to become a national center of commerce. In the decades
following the Civil Rights Movement, the city earned a reputation as "too busy to hate" for the
relatively progressive views of its citizens and leaders compared to other cities in the Deep
South. Atlanta attained international prominence, and it became the primary transportation
hub of the Southeastern United States, via highway, railroad, and air, with Hartsfield–
Jackson Atlanta International Airport being the world's busiest airport since 1998.
With a GDP of $304 billion, the Metro Atlanta economy is the eighth-largest in the country
and 17th-largest in the world. Corporate operations play a major role in the economy, as the
city claims the country's third-largest concentration of Fortune 500 companies, and hosts the
global headquarters of corporations such as The Coca-Cola Company, The Home Depot,
Delta Air Lines, AT&T Mobility, Chick-fil-A, and UPS. Over 75 percent of Fortune 1000
companies conduct business operations in metro Atlanta, and the region hosts offices of over
1,250 multinational corporations.
Randy Blankstein |President Jimmy Goodman |Partner
847.562.0003 www.bouldergroup.com 847.562.8500
randy@bouldergroup.com jimmy@bouldergroup.com
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