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McDonough, GA - Walgreens (Subleased to Popshelf)

$4,156,000

961 Hwy 20 81, McDonough, GA

Active
Last Updated: 01/17/2026

8.75

Cap Rate

363,607

NOI

Details:
Cap Rate:    8.75%
NOI:    $363,607
Building Size:    14,241 sqft
Zoning:    C-2: Central Commercial District
Description:

• The Walgreens is currently subleased to Popshelf and has over 3 years of term remaining
• The asset is located at the signalized, hard-corner intersection of Industrial Blvd and Highway 81, with an average of 22,400 VPD, providing multiple points of egress and ingress
• The site benefits from excellent visibility from a major thoroughfare and access to Interstate 75, which sees 147,000 VPD, increasing consumer traffic

• The subject property is located across from McDonough Marketplace, with national/credit anchors such as Walmart Supercenter, Lowe’s Home Improvement, and Dollar Tree
• Less than two miles from South Point Shopping Center, with national/credit tenants such as Macy’s, Kohl’s, TJ Maxx, Ulta Beauty, Academy Sports + Outdoors, Five Below, Hobby Lobby, and more
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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