5985 Peachtree Pky
Peachtree Corners, GA 30092
24 Hr | Great Demos | NNN | Top 10 MSA · 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 Norcross (Atlanta MSA), Georgia. This property is available for purchase and operates on an absolute net lease basis with ten (5-year) options to follow. The lease has over eight years of primary term remaining with ten (5-year) options to follow. This is an absolute net lease with no landlord responsibilities whatsoever. The Walgreens store is open 24 hours; the pharmacy is open until midnight. This is a benefit to the three major hotels directly across the street, which have a total of 375 rooms. The location is reporting exceptional sales volumes of nearly 40% more than the average Walgreens store. The subject property is located on the main corridor through Norcross about one block from a center anchored by Target which also includes national retail tenants such as Publix, Tj Maxx, Office Depot, Panda Express, Bank of America and Famous Footware. This Walgreens is the only national chain drugstore within an approximate 2-mile radius. The nearest CVS is located approximately 1.99 miles southeast and the nearest Rite Aid is located 1.81 miles northeast. The property is located at the signalized corner of Peachtree Parkway and Jay Bird Alley, with a combined traffic count of 59,347 vehicles per day. State Route 141 (Peachtree Industrial Boulevard) is located approximately two blocks south of the subject property, with approximately 94,100 vehicles per day. The average household income is $92,395 in a one-mile radius, $98,130 in a three-mile radius and $90,113 in a five-mile radius. The population in a five-mile radius is 249,957. Norcross is a historic city in Gwinnett County approximately 23 miles northeast of Atlanta, Georgia and is part of the Atlanta Metropolitan Statistical Area, the largest MSA in the state of Georgia and the ninth largest in the United States with over 6.5 million residents. This area has an approximated GDP of $304 billion, the eighth-largest economy in the Country.