1650 Buford Hwy - Drug Store FOR SALE
Cumming, GA 30041 |
$3,563,000 USD
773-598-8642
1650 Buford Hwy
Cumming, GA 30041
HIGHLIGHTS
- Absolute NNN lease with ±3.9 years remaining and zero landlord responsibilities.
- Freestanding 14,490 SF Walgreens with drive-thru pharmacy in Atlanta MSA.
- High-traffic corridor with ±40,000 VPD and direct visibility on Buford Hwy.
- Rent is ~$21.39 PSF, approximately 22% below current market rates.
- No other Walgreens within 6.8 miles; only nearby national competitor is CVS.
- Publix-anchored retail node with strong demographics and $160,000+ average incomes.
FOR SALE DETAILS
PRICE
$3,563,000 USD
PRICE/SF
$240 USD /SF
CAP RATE
8.7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.7 AC
LAND SF
74,052 SF
ZONING
CBD, County
APN/PARCEL ID
174-474
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
773-598-8642
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
773-598-8642
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
