3505 Centerville HwySnellville, GA 30039
Corporately Guaranteed Lease in Densely Populated & Affluent Atlanta Submarket
- Offering GLA
- 14,820± SF
- Land Area
- 2.76± AC
- Cap Rate
- 7.00%
- Price
- $5,600,000
- NOI
- $391,500
Only Walgreens Within Five Miles at a Signalized Snellville Corner
Matthews™ is pleased to offer the opportunity to acquire a 14,820± SF Walgreens strategically positioned as the only Walgreens location within five miles in the affluent Atlanta submarket of Snellville, Georgia.
What makes this offering durable
- 01
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.
- 02
Only Walgreens in Snellville
This is the only Walgreens location in Snellville, and there are no other Walgreens within five miles. The closest location is 5.7 miles away in Stone Mountain.
- 03
Densely Populated & Affluent Atlanta Submarket
The subject property is strategically located in Snellville, a dense and affluent metro east of Atlanta. Within a five-mile radius of the subject property, the permanent population is approximately 133,000 with an average household income of ±$108K.
- 04
Desirable Real Estate Fundamentals
Located on a large 2.76-acre parcel, the subject property is fundamentally located on the southwest corner of the four-way signalized intersection of Annistown Road (±19,946 VPD) and Scenic Highway South (±33,900 VPD). The property benefits from strong visibility and access along both streets. Immediate traffic generators include Publix, Walmart, and BioLife Plasma Services.
- 05
Absolute NNN Lease Structure
The lease structure is designed to provide passive ownership characteristics, with complete lease details available upon execution of the confidentiality agreement.
- 06
Atlanta, GA MSA Advantage
The Atlanta MSA features a population of approximately 6.5 million and a gross metro product approaching $379 Billion. The region is a major economic, educational, and corporate center supported by a diverse employment base and Hartsfield-Jackson Atlanta International Airport.
Hard corner at Annistown Road & Scenic Highway
The property occupies the southwest corner of a four-way signalized intersection on a 2.76± acre parcel, with multiple access points and visibility along both frontages and a drive-thru pharmacy lane.
- Annistown Rd
- ±19,946 VPD
- Scenic Hwy S
- ±33,900 VPD
Full diligence materials are available in the deal room after the confidentiality agreement is executed.
Execute Agreement
A growing Gwinnett retail & healthcare hub
Located in southeastern Gwinnett County, Snellville is an established suburban community with strong household demographics and a highly visible commercial corridor. U.S. Highway 78 and State Route 124 form the city’s retail crossroads, supporting national retailers, restaurants, medical providers and neighborhood services.
Piedmont Eastside Medical Center, employing more than 2,000 people, anchors the local healthcare sector, while the $140 million Grove at Towne Center is reshaping downtown with residences, medical offices, dining, a public library and community space.
- Population Growth
- 9.3%Population Growth2020–2025
- Owner-Occupied
- 78.3%Owner-OccupiedHousing rate
- Avg. HH Income
- $101K+Avg. HH Income2025
Surrounded by daily-needs retail, schools and rooftops
The immediate trade area is anchored by Publix, Walmart and Kroger, with elementary, middle and high schools, parks and established single-family neighborhoods feeding the corner throughout the day.
- 31± MilesTo Atlanta
- 47± MilesTo Athens
- 5.7 MilesNearest Walgreens
- Four-WaySignalized Intersection
A Global Business & Connectivity Hub
- Corporate & Business Hub
- Global Air Connectivity
- Diverse Regional Economy
The Atlanta MSA is one of the Southeast's leading centers for business, transportation, technology, healthcare, education, and entertainment. With a population of approximately 6.5 million and gross metro product approaching $379 Billion, the region is anchored by a diverse corporate base and Hartsfield-Jackson Atlanta International Airport.
- 6.5M±
- Atlanta MSA Population
- $379B±
- Gross Metro Product
- #1
- Georgia's Business Ranking
State in the U.S. for Business for 12 Consecutive Years
- 129K±
- 2025 Estimated Population
- $116K+
- Average Household Income
- 0.90%
- Five-Year Projected Growth
Five-Mile Radius
One-Mile Radius
One-Mile Radius
Walgreens is one of the largest retail-pharmacy chains in the United States, providing prescription medications, health and wellness products, immunizations, clinical services, and everyday consumer goods. Founded in 1901, Walgreens remains a nationally recognized neighborhood-pharmacy brand and an essential healthcare access point for communities across the country.
- 1901
- Year Founded
- 8,500+
- Stores
- Private
- Sycamore Partners-Owned
Exclusively listed by Matthews™
Jared Kaye
Senior Vice President
Kyle Stonis, CCIM
Senior Vice President
Pierce Mayson
Senior Vice President
Jeff Enck
Senior Vice President
Sonny Molloy
Executive Vice President
Boris Shilkrot
Associate Vice President
Broker of Record
Maxx Bauman
License No. 451849 (GA) · Firm No. 80041 (GA)