Property Profile.
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Investment-grade credit tenant.
Walgreens Co. carries an S&P BBB rating backing an absolute NNN lease.
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Long operating history at this location.
Open and stabilized since 2005, with a 2018 remodel.
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20-year original term with 11 years remaining and 10% rent bumps every 5 years.
Next increase in 2028 — a contractual hedge against inflation.
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Signalized hard-corner location on Roswell Road.
One of the highest-traffic retail corridors in Cobb County.
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Dense, affluent trade area.
Over 68,000 residents within 3 miles with median household income above $84,000.
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Drive-thru pharmacy on-site,
a key driver of foot traffic and repeat visits.
Property Profile.
Location & Area Profile.
Address
1890 Roswell Road · Marietta, GA 18 min to Downtown Atlanta
| 5-Mile Pop. | ~15,000 |
|---|---|
| 5-Mile Median HHI | $88,000 |
| City Population | ~6,600 |
| Trade Area | Iberville Parish |
| Major Metro | Baton Rouge · 25 min |
Plaquemine is a strategic industrial and service hub in the Baton Rouge metro — anchored by petrochemical, manufacturing, and logistics employers along the Mississippi River. Surrounding national retailers within 1 mile include Regions Bank, CVS, Subway, Little Caesars, Family Dollar, O'Reilly, AutoZone, Tower Loan, and Bealls — a stable, recession-resilient retail node anchored by daily-needs categories.
Deal Summary.
| Deal Summary | |
|---|---|
| Purchase Price | $5,200,000 |
| Initial Investment | 30% |
| Down Payment | $1,560,000 |
| NOI | $325,000 |
| CAP Rate | 6.25% |
| Projected Exit CAP RateEstimated national average at projected exit | 6.00% |
| Lending Assumptions | |
| Stated LTV | 70% |
| Estimated Interest RateSubject to change based on lending market factors | 6.25% |
| Amortization | 25 |
| Term | 5 |
| Bank Loan Amount | $3,640,000 |
| Investor Contribution Summary | |
| Initial Investment | $1,560,000 |
| Down Payment AssistanceNot available on 1031 | $0 |
| Total Investor Contribution | $1,560,000 |
| Investor Down Payment % | |
| Total Investor Contribution | $1,560,000 |
| Purchase Price | $5,200,000 |
| Investor Down Payment % | 30% |
| Debt Service Summary | |
| Annual Bank Mortgage | $273,000 |
| Custom Preferred Dividend | $0 |
| Total Annual Debt Payments | $273,000 |