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Walgreens 2630 Braselton Hwy 14,490 SF Retail Building Buford, GA 30519 $3,632,184 ($250.67/SF) 8.70% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities and drive-thru pharmacy.
- Directly adjacent to Kroger-anchored center and near Publix, driving daily-needs traffic.
- Current rent is $21.80 PSF, about 23.8% below market, supporting tenant retention.
- Freestanding Walgreens at high-traffic intersection with ±40,300 VPD and strong visibility.
- No other Walgreens within 5.5 miles; CVS is the nearest competitor at 1.7 miles.
- Dense demographics: 62,243 residents in 3 miles, average HH income over $135,000.
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
2004
Price
$3,632,184
Price Per SF
$250.67
Cap Rate
8.70%
NOI
$316,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.71 AC
Zoning
C2, County
Parking
66 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
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 End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3-001-214 | Improvements Assessment | $519,600 |
| Land Assessment | $309,200 | Total Assessment | $828,800 |
Property Taxes
Parcel Number
3-001-214
Land Assessment
$309,200
Improvements Assessment
$519,600
Total Assessment
$828,800
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Walgreens | 2630 Braselton Hwy
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