2705 Buford Hwy
Duluth, GA 30096
Walgreens l 10 Years l $2.8M l Atlanta MSA · Retail Property For Sale

We are pleased to present for sale the opportunity to acquire the Walgreens property located in Duluth, Georgia. This property is available for purchase and operates on a double net lease basis with approximately 10 years remaining on the lease term and six (5-year) options to follow with landlord responsible for roof and structure. Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB (S&P) and is a top 20 Fortune 500 company with approximately 9,500 locations. Walgreens recently exercised two consecutive options showing commitment to this location. This location has a very modest rent per square foot of $12.00 and $184.69 price per square foot. The property is located within a block of two residential neighborhoods which are Riverbrook (600 single family homes) and Cresswell (150 single family homes). This location is the only national standalone drugstore within a 2 mile radius. The nearest Walgreens is 2.4 miles southwest, the nearest CVS is 2.16 miles south west and the nearest Rite Aid is 3.14 miles southeast. Located in an area with approximately 205,000 residents and an affluent average household income of $101,656 within a 5-mile radius. The property is located at the signalized intersection of Buford Highway and Old Peachtree Road with combined traffic counts of over 37,000 vehicles per day. Interstate 85 is located 4 miles northwest of the subject property with traffic counts of approximately 160,000 vehicles per day. The subject property is located in a suburb thirty-one miles southeast of downtown Atlanta, Georgia and is part of the Atlanta Metropolitan Statistical Area. This MSA is the largest in the state of Georgia and the ninth largest in the United States with over 6.5 million residents.