1065 Duluth HwyLawrenceville, GA 30043

Property Details for 1065 Duluth Hwy

Year built

2004

Lot size

1.20 AC

Property size (Sq ft)

13,554 SF

Zone code

C2-GENERAL BUSINESS

Property type

Retail properties

Property subtype

Drug stores

APN

7-033 -199

APU

7033199

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens located at 1065 Duluth Hwy, Lawrenceville, GA 30043. The 13,650 square foot building, constructed in 2004 on a 1.2-acre lot, benefits from a 30-year absolute NNN lease with Walgreens Boots Alliance (credit rated, corporate guarantee). Currently, there are 9.9 years remaining on the primary lease term, recently extended in April 2024, with ten 5-year renewal options. The property boasts a 7.85% cap rate and a strong NOI of $310,000, with a price per square foot of $289.38 and an asking price of $3,950,000. This strategically located property enjoys high visibility at the northeast corner of Duluth Highway (25,600 VPD) and Riverside Parkway (15,600 VPD), across from a Kroger-anchored shopping center. The area features a robust retail market exceeding 13.4 million square feet within a five-mile radius, including major retailers like Target, Home Depot, and others. Furthermore, the property's proximity to Sugarloaf Mills shopping mall (2.8 miles) and Northside Hospital Gwinnett (1.7 miles), a 388-bed Level II Trauma Center undergoing significant expansion, enhances its value. The surrounding area demonstrates strong demographics, with over 226,149 residents and an average household income exceeding $98,500 within a five-mile radius. Projected population growth is 3.95% over the next five years. On-site amenities include FedEx services, beer and wine sales, propane exchange, and a PNC ATM. The property is zoned commercial.

Location Insight

City

Lawrenceville

County

Gwinnett

State

Georgia

Latitude

33.969

Longitude

-84.0348

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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