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3505 Centerville Hwy, Snellville, GA, 30039

Walgreens

$5,600,000

Key Information

Cap Rate
7%
Tot. SF
14,820
Lot Size
2.76 Acres
Year Built
2006
Term Remaining
± 4.5 Years
Type
Retail
Occupancy
100%
NOI
$391,500

Highlights

• Corporately Guaranteed Lease – The lease is corporately guaranteed by Walgreens Co. It is reported that Walgreens generated approximately $147 billion in annual revenue, ensuring that the corporate entity remains a highly viable and substantial guarantor.
• Only Walgreens in Snellville – This is the only Walgreens location in Snellville, and there are no other Walgreens within 5 miles. The closest location is 5.7 miles away in Stone Mountain.
• Densely Populated & Affluent Atlanta Submarket – The subject property is strategically located in Snellville, a dense and affluent metro east of Atlanta. Within a 5-mile radius of the subject property, the permanent population is approximately 133,000 with an average household income of ±$108K.
• Desirable Real Estate Fundamentals – Located on a large 2.76-acre parcel, the subject property is fundamentally located on the southwest corner of the 4-way signalized intersection of Annistown Road (±19,946 VPD) and Scenic Hwy S (±33,900 VPD). The property benefits from strong visibility and access along both streets. Some of the immediate traffic generators include Publix, Walmart, and BioLife Plasma Services.
• Absolute NNN Lease Structure – Walgreens signed a NNN lease with a 25-year base term that commenced in 2006. This is an absolute NNN lease with no landlord responsibilities.
• Atlanta, GA MSA Advantage – The Atlanta MSA features a population around 6.5 million and a gross metro product near $379 billion. Forbes highlights the region as a major economic, educational, and corporate powerhouse anchored by top employers like Delta Air Lines. In 2025, it was recognized by Forbes as the #2 best city to live in the US (and 29th globally) in their Global Livability Index.

Photos

Location

Agents

Broker of Record

Maxx Bauman

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