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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 Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| 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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Walgreens | 1650 Buford Hwy
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