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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
Maxx Bauman
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2005
Price
$3,563,000
Price Per SF
$245.89
Cap Rate
8.70%
NOI
$310,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.70 AC
Zoning
CBD, County - Central Business District
Parking
30 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Feb 2030
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Feb 2030 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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
Parcel Number
174-474
Land Assessment
$367,200
Improvements Assessment
$1,218,080
Total Assessment
$1,585,280
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