For Sale
$7,070,000

2320 Druid Hl RdBrookhaven, GA 30329

High-Yield Walgreens Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a freestanding Walgreens pharmacy in Brookhaven, GA, a thriving affluent area just nine miles from downtown Atlanta. The property boasts a 10,453 square foot building on a 1.08-acre lot, constructed in 2010. Currently operating under a triple-net (NNN) lease with Walgreens, a corporate guarantor, the lease extends until March 31, 2035, offering a substantial remaining term of 10.4 years. The property enjoys a strong financial performance, generating a net operating income (NOI) of $565,000, representing an 8.00% cap rate and a price per square foot of $676.36. The asking price is $7,070,000. The location is highly desirable, situated on a busy corner with 50,000 cars passing daily, and benefits from a densely populated area with an average household income exceeding $146,070. The lease includes a preferred 10-year term with 5-year renewal options, minimizing landlord responsibilities. This single-tenant, fee-simple ownership offers a secure and lucrative investment opportunity in a prime Atlanta location, surrounded by complementary businesses including Target, DoubleTree by Hilton, and various restaurants. The property's strong tenant, high traffic count, and long-term lease make it an attractive addition to any investment portfolio.

Highlights

  • $7,070,000 asking price for a Walgreens net lease property.
  • 10,453 square foot building on a 1.08-acre lot in Atlanta, GA.
  • NNN lease with a corporate guarantee from Walgreens, expiring March 31, 2035 (10.4 years remaining).
  • 8.00% cap rate with a $565,000 NOI.
  • Located in a high-income area ($146,070 average household income) with high traffic (50,000 cars per day).

Property Details for 2320 Druid Hl Rd

Property type
Retail properties, Drug stores
Square Feet
10,453 SF
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Brookhaven
County
Dekalb
State
Georgia
Latitude
33.8282863
Longitude
-84.3299641
2320 Druid Hl Rd, Brookhaven, Georgia

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2320 Druid Hl Rd
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