Walgreens 191 N Church St 11,243 SF Retail Building Homerville, GA 31634 $1,291,428 ($114.87/SF) 8.75% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Homerville, Georgia. The property has been a pharmacy since 1995, and in 2017, Walgreens assumed the lease from Rite Aid. Walgreens recently extended its lease through 2029 at a low absolute rent of $113,000 annually ($10.05 PSF). The lease also includes four additional five-year renewal options with scheduled rental escalations.
The 11,243 square-foot building is located along North Church Street, a primary corridor that runs through the center of Homerville. The property benefits from limited pharmacy competition in the area, with the nearest CVS Pharmacy located approximately 30 miles to the east. Several nationally recognized retailers serve the surrounding trade area, including Piggly Wiggly, DG Market, True Value, NAPA Auto Parts, Huddle House, Dairy Queen, and Subway. Additional traffic drivers along the corridor include Clinch County High School and Clinch Memorial Hospital.
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.