1065 Duluth Hwy Lawrenceville, GA 30043-5216
Property profile & analytics
1065 Duluth Hwy Lawrenceville, GA 30043-5216
- Drug stores
- 13,554 SF
- 1.20 lot acres
Property ID
US22-0078176
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens / Pharmacy
- Walgreens Pharmacy / Pharmacy
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
Property Details for 1065 Duluth Hwy
- Year built
- 2004
- Lot size
- 1.20 lot acres
- Property size
- 13,554 SF
- Zone code
- C2-GENERAL BUSINESS
- Property type
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,625,000
- 6.5%
- $2,420,000
- 7%
- $2,250,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,010,000
Market price range: $1.68M - $5.17M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,660,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $4,780,000 Change: +31% Conversion: Difficult
- MEDICAL BUILDING
- $4,150,000 Change: +13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,070,000 Change: +11% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $3,570,000 Change: -2% Conversion: Moderate
- OFFICE BUILDING
- $3,310,000 Change: -10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawrenceville
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.0348
- Latitude
- 33.969
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,085
$159,320
$603,880
$763,200
-
$398,300
$1,509,700
$1,908,000
