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Walgreens 1650 Buford Hwy 14,490 SF Retail Building Cumming, GA 30041 $4,935,610 CAD ($340.62 CAD/SF) 8.70% Cap Rate
Investment Highlights
- Absolute NNN lease with ±3.9 years remaining and zero landlord responsibilities.
- High-traffic corridor with ±40,000 VPD and direct visibility on Buford Hwy.
- No other Walgreens within 6.8 miles; only nearby national competitor is CVS.
- Freestanding 14,490 SF Walgreens with drive-thru pharmacy in Atlanta MSA.
- Rent is ~$21.39 PSF, approximately 22% below current market rates.
- Publix-anchored retail node with strong demographics and $160,000+ average incomes.
Executive Summary
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Amenities
- Dedicated Turn Lane
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Feb 2030
Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Feb 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 174-474 | Improvements Assessment | $1,687,333 CAD |
| Land Assessment | $508,660 CAD | Total Assessment | $2,195,993 CAD |
Property Taxes
Presented by
Walgreens | 1650 Buford Hwy
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