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Walgreens 1650 Buford Hwy 14,490 SF Retail Building Cumming, GA 30041 $3,563,000 ($245.89/SF) 8.70% Cap Rate
Investment Highlights
- Absolute NNN lease with ±3.9 years remaining and zero landlord responsibilities.
- High-traffic corridor with ±40,000 VPD and direct visibility on Buford Hwy.
- No other Walgreens within 6.8 miles; only nearby national competitor is CVS.
- Freestanding 14,490 SF Walgreens with drive-thru pharmacy in Atlanta MSA.
- Rent is ~$21.39 PSF, approximately 22% below current market rates.
- Publix-anchored retail node with strong demographics and $160,000+ average incomes.
Executive Summary
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Amenities
- Dedicated Turn Lane
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Feb 2030
Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Feb 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 174-474 | Improvements Assessment | $1,218,080 |
| Land Assessment | $367,200 | Total Assessment | $1,585,280 |
Property Taxes
Presented by
Walgreens | 1650 Buford Hwy
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