5320 Memorial Dr
Stone Mountain, GA 30083
Atlanta MSA | NNN | 7.5 CAP · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Stone Mountain (Atlanta MSA), Georgia. This property is available for purchase and operates on an absolute net lease basis with 7.5 years remaining on the primary lease term, including ten (5-year) options to follow. Income guaranteed by Walgreens corporation (S&P BBB) investment grade Fortune 500 Company with over 9,500 locations. One of only 400 Walgreens locations with an in-store healthcare clinic. Customers can make appointments for treatment of minor illnesses or injuries and this service accepts most insurance providers. This Walgreens is one of two drugstores within a 2-mile radius. The nearest drugstore is a CVS located ±1.32 miles to the southwest. The subject property is located adjacent to approximately 199,000 square feet of retail space on the main retail corridor through Stone Mountain. It is surrounded by numerous residential neighborhoods and national retail tenants nearby including Walmart Supercenter, Office Depot, Planet Fitness, Ross Dress for Less, Dollar Tree and Chick-fil-A. The property is located at the signalized corner of Memorial Drive and Rays Road. Interstate 285 is located approximately two miles southwest of the subject property. The subject property is located in a suburb fourteen miles northeast of downtown Atlanta and is part of the Atlanta Metropolitan Statistical Area.