Listed by Matthews
$3,632,184
Walgreens - Buford, GA (Atlanta MSA)
Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 14,490
Cap Rate 8.7%
NOI $316,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25.3
Lease Expiration 11/30/2029
Remaining Term 3.5
Lease Options Ten, 5-Year
Price per SqFt $251
Class A
Year Built 2004
Buildings 1
Stories 1
Acreage 1.710
Investment Type Net Lease
Lease Commencement 08/01/2004
Absolute NNN Walgreens with Drive-Thru in Atlanta MSA – Below Market Rent
Marketing description
Walgreens at 2630 Braselton Hwy, Buford, GA 30519 presents an exceptional net lease investment opportunity in one of Metro Atlanta’s strongest suburban retail corridors. This freestanding ±14,490 SF pharmacy sits on a ±1.71-acre fee simple parcel at the signalized hard corner of GA-124 and Gravel Springs Road, benefiting from approximately ±40,300 vehicles per day and outstanding visibility.
The property is leased to Walgreens on an absolute NNN basis, offering a passive, management-free investment backed by a nationally recognized pharmacy and essential retail operator. Built in 2004 and featuring a drive-thru pharmacy, the site is strategically positioned directly adjacent to a Kroger-anchored shopping center and near additional major retailers, restaurants, and daily-needs destinations including Publix, Chick-fil-A, McDonald’s, Shell, and Dollar General.
The location is further supported by strong healthcare demand, with major hospitals, clinics, and urgent care providers nearby. Dense and affluent demographics add to the long-term appeal, with more than 62,000 residents within 3 miles, 141,000+ residents within 5 miles, and average household incomes above $135,000. A rare combination of credit tenancy, prime corner positioning, and top-tier Atlanta MSA demographics.
Investment highlights
- Absolute NNN Lease: Freestanding Walgreens with drive-thru pharmacy on an absolute NNN lease, providing a passive, management-free investment.
- High-Traffic Retail Corridor: Located at the intersection of GA-124 and Gravel Springs Rd with ±40,300 VPD, offering strong visibility and consistent traffic. Positioned directly adjacent to a Kroger-anchored shopping center, with additional grocery draw from Publix (~0.9 miles) driving high-frequency, daily-needs traffic.
- Healthcare-Driven Demand: Located approximately 10–12 miles from Northside Hospital Gwinnett and Northside Hospital Forsyth, with multiple clinics and urgent care providers within a 1–3 mile radius supporting consistent prescription demand.
- Limited Competition: No other Walgreens within 5.5 miles, providing strong market separation, with CVS (~1.7 miles) as the nearest national competitor.
- Below Market Rent: Walgreens is paying approximately $21.80 PSF, which is ~23.8% below the subject market asking rent of $28.61 PSF, supporting long-term occupancy and tenant retention.
- Dominant Hard Corner Location: Positioned at a signalized intersection surrounded by national tenants including Chick-fil-A, McDonald’s, Dairy Queen, Shell, and Dollar General, supporting steady daily traffic.
- Grocery-Anchored Retail Node: Directly adjacent to a Kroger-anchored center, reinforcing the site as a primary destination for daily-needs retail.
- Top-Tier Atlanta Demographics: 62,243 residents within 3 miles and 141,442 within 5 miles, with average household incomes exceeding $135,000, supporting strong retail demand.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$316,000.00
$26,333.33/mo
Valuation Metrics
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DSCR
8.7%
Cap Rate
8.7%
ROI
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