Log In/Sign Up
Your email has been sent.
CVS 2429 Martin Luther King Jr Dr 13,020 SF Retail Building Atlanta, GA 30311 $4,282,292 ($328.90/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime location at the heart of the primary retail corridor with national credit tenants nearby, including Walmart, Home Depot, AutoZone, and more.
- First drugstore off the I-20 Freeway exit at Hamilton E Holmes Dr NW, which carries ±230,000 vehicles per day, connecting major southern cities.
- Long-term lease in place with seven years remaining on the base term, plus six additional 5-year renewal options.
- Positioned on M.L.K. Jr Dr SW and Hightower Rd NW, benefiting from combined traffic counts of 26,400 cars per day.
- Close proximity to a cluster of universities—Morehouse College, Clark Atlanta University, Georgia Institute of Technology, and Spelman College.
- Hard-corner location at a multi-signalized intersection.
EXECUTIVE SUMMARY
Bill Pedersen
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,020 SF
Building Class
B
Year Built
2006
Price
$4,282,292
Price Per SF
$328.90
Cap Rate
6.50%
NOI
$278,349
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.65 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 14-0205-LL-104-5 | Improvements Assessment | $1,372,240 |
| Land Assessment | $347,760 | Total Assessment | $1,720,000 |
PROPERTY TAXES
Parcel Number
14-0205-LL-104-5
Land Assessment
$347,760
Improvements Assessment
$1,372,240
Total Assessment
$1,720,000
CONTACTS
-
Sonny Molloy -
Jared Kaye -
Bennett Holman -
Grant Morgan -
Simon Ben-Moshe -
Matthews Real Estate Investment Services
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
CVS | 2429 Martin Luther King Jr Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.