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1650 Buford Hwy, Cumming, GA, 30041

Walgreens
$3,563,000

Key Information

Cap Rate
8.7%
Tot. SF
14,490
Lot Size
1.71 Acres
Year Built
2005
Term Remaining
± 3.9 Years
Type
Retail
NOI
$310,000

Highlights

  • Absolute NNN Lease: ±14,490 SF freestanding building with drive-thru pharmacy on an absolute NNN lease, providing a passive, management-free investment.
  • High-Traffic Retail Corridor: Located along Buford Hwy (GA-20) with ±40,000 VPD, the primary east–west retail and commuter artery in Forsyth County, offering strong visibility and consistent traffic. Positioned directly across from a Publix-anchored shopping center, driving high-frequency, daily-needs traffic that supports long-term site performance.
  • Healthcare-Driven Demand: Located approximately 3.5 miles from Northside Hospital Forsyth (300+ beds), with additional clinics and urgent care providers within a 1–2 mile radius, supporting a strong customer base with consistent prescription volume.
  • Below Market Rent: Walgreens’ rent of ~$21.39 PSF is ~22% below subject market rents ($27.35 PSF), supporting strong real estate fundamentals.
  • Limited Competition: No other Walgreens within 6.8 miles, providing strong market separation, with CVS (~1.0 mile) as the only nearby national competitor.
  • Dominant Hard Corner Location: Positioned at a signalized intersection surrounded by national tenants including QuikTrip, McDonald’s, Taco Bell, Tropical Smoothie Café, Advance Auto Parts, and PNC Bank.
  • Grocery-Anchored Retail Node: Directly across from a Publix-anchored center, generating high-frequency, daily-needs traffic that supports long-term site performance.
  • Top-Tier Atlanta Demographics: 47,120 residents within 3 miles and 123,784 within 5 miles, with average household incomes exceeding $160,000, among the strongest in the Atlanta MSA.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 80041, 451849 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305