Walgreens 11509 Abercorn St 15,607 SF Retail Building Savannah, GA 31419 $5,292,350 ($339.10/SF) 6% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Savannah, Georgia. Walgreens has successfully operated from this location since 2000. In 2023, Walgreens executed a new long-term lease through February 2038, demonstrating commitment to the site. There are 5% rental escalations every ?ve years throughout the primary term and twelve 5-year renewal options. The lease is absolute triple net and presents no landlord responsibilities.
The 15,607 square-foot building is strategically positioned at a signalized intersection along Abercorn Street, one of Savannah’s primary commercial corridors carrying 52,000 vehicles per day. The site bene?ts from a dense retail environment anchored by nationally recognized tenants including Lowe’s, The Home Depot, Publix, Hobby Lobby, Target, Walmart, and ALDI, among many others. Key institutional demand drivers include Georgia Southern University – Armstrong campus with approximately 3,000 students, Saint Joseph’s Hospital, a 330-bed medical facility, and Windsor Forest High School, all generating consistent daily traffic to the area. The property also enjoys close proximity to Hunter Army Air?eld, home to 5,500 active-duty personnel and part of the broader Fort Stewart–Hunter AAF installation, which employs over 25,500 and contributes an estimated $4.9 billion in regional economic impact. The surrounding trade area is supported by more than 82,000 residents within a ?ve-mile radius, with average household incomes exceeding $88,000.
Walgreens is an American pharmacy and retail chain founded in 1901 in Chicago, Illinois, starting as a single drugstore on the city’s South Side that emphasized quality prescriptions, customer service, and innovations like the malted milkshake. Over the decades, it expanded rapidly across the United States, becoming the second-largest pharmacy chain with approximately 8,100 stores nationwide as of 2026, offering prescription services, health and wellness products, photo services, and everyday essentials.