Single-Tenant Retail

Walgreens

1065 Duluth Hwy, Lawrenceville, GA

Listing Price: $3,950,000

Click To Access Offering Memorandum
  • Cap Rate7.85%
  • Building SF13,650 SF
  • Price/SF$289.38
  • Year Built / Renovated2004

Investment Highlights

  • Absolute Net Walgreens | Recent 5-Year Extension
  • 10 Years Lease Term Remaining | (10) 5-Year Options
  • FedEx Pickup / Drop Off Services On-Site
    Beer & Wine Sales | Propane Gas Exchange | PNC ATM
  • High Visibility at the Northeast Corner of Duluth Highway & Riverside Parkway (31,200 VPD Combined)
    Quick Access to Highway-316 (98,600 VPD) & I-85 (170,000 VPD)
  • Core Retail Market: 13.4 Million SF of Retail within a 5-Mile Radius (96.1% Occupancy Rate)
  • Across from Kroger-Anchored River Exchange Shopping Center (263,650 SF)
  • 2.8 Miles from Sugarloaf Mills Shopping Mall (1.18M SF)
  • Strong Healthcare Market: 2.3 Million SF of Medical Space within a 5-Mile Radius (95.3% Occupancy Rate)
  • 1.7 Miles from Northside Hospital Gwinnett (388 Beds | Level II Trauma Center | 1,400 Physicians)
    Only Trauma Center in Northeast Metro Atlanta
    Future 230FT Tower Currently Under Construction (On Track for Completion in 2025 | Adding 300+ Beds, Making it the Largest Facility in the Northside System)
  • Demographics: 226,149 Residents & $98,556 Average Household Income within a 5-Mile Radius
    Strong Daytime Population: 246,309
  • Projected Population Growth: 3.95% Over the Next 5 Years
  • 30 Miles Outside of Downtown Atlanta
Lead Agent

Ashish Vakhariya

Senior Vice President Investments

Lic: MI 6501322501

Darin Gross

Senior Associate

Lic: MI 6501384871

Seth Haron

First Vice President Investments

Lic: MI 6501373006

GEORGIA BROKER OF RECORD: JOHN LEONARD | 1100 ABERNATHY RD NE, BLDG 500, STE 600, ATLANTA, GA | 678.808.2700 | LIC: GA 252904