Walgreens | Top Performing Location
$7,000,000
2320 North Druid Hills Road, Atlanta, GA 30329
For Sale
Retail
Unknown Sub Type
Active
Last Updated: 03/07/2025
8.07
Cap Rate
565,000
NOI
Details:
Cap Rate: 8.07%
NOI: $565,000
Building Size: 10,453 sqft
Lot Area: 1.11 acres
Lease Type: Absolute Net
Price Per Sqft: $500.36
Highlights:
- Generational Real Estate - Strategically positioned on a hard, signalized corner within Buckhead’s primary shopping district, this 1.11-acre property offers unparalleled long-term investment stability.
- Top-Performing Location - Ranked in the top 17% of Walgreens locations nationally per Placer AI data, ensuring strong tenant performance and consistent foot traffic.
- Long-Term Corporate-Backed Lease - Secure passive income with over 10 years remaining on the lease, fully guaranteed by Walgreens corporate, providing long-term financial stability.
- Exceptional Traffic Exposure - Direct access from Northeast Expressway with 70,000 vehicles passing daily, while the intersection of N Druid Hills Rd NE & Briarcliff Rd NE sees over 48,000 vehicles per day.
- Extremely Affluent Neighborhood - Situated in a high-income area with an average household income exceeding $146,000 within a 5-mile radius, serving a dense population of 386,632 residents.
- True Absolute NNN Lease - A fully hands-off investment with zero landlord responsibilities, ensuring hassle-free ownership and stable cash flow.
- Thriving National Retail Corridor - Surrounded by top national brands, including Chick-fil- A, Target, Arby’s, Firestone, Panera Bread, Cava, Goodwill, Moe’s Southwest Grill, and two major shopping centers—Brighten Park Mall & The Village at Druid Hills.
- Proximity to Major Healthcare Hub - Located adjacent to Children’s Healthcare of Atlanta, a major 446-bed hospital, reinforcing strong consumer demand and daily foot traffic.
- Proven High Sales Performance - Strong retail sales at this location further enhance the investment potential. (Contact Broker for Additional Details)
Documents:
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Offering Memorandum
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