CVS | Chipotle | Allie's 2 Retail Properties Offered at $7,525,000 in Atlanta, GA
INVESTMENT HIGHLIGHTS
- “Legacy Quality” Retail Center / Passive Ownership
- Weighted Average Lease Term of 6.9 Years Remaining
- Chipotle has 13 Years Remaining on a NNN Lease
- 81.6% Credit Tenants / 83% of Income From CVS & Chipotle
- CVS: Tenant Here for 24 Years—Renewed Once Already
- Avg HH Income Over $236,000—Top 2% in the U.S.
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a 3-Tenant, “Legacy Quality” Retail Center anchored by CVS (NYSE: CVS, S&P “BBB” Rated, $84 BN Market Cap) and Chipotle (NYSE: CMG, $65 BN Market Cap, $9.87 BNN Revenues).
PROPERTY FACTS
| Price | $7,525,000 |
| Price / SF | $432.22 / SF |
| Cap Rate | 6.30% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 17,410 SF |
| Total Land Area | 4.05 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Tide Dry Cleaners
1614 Mount Vernon Rd, Atlanta, GA 30338 |
Retail | 2,028 SF | 1999 | - |
|
CVS
1610 Mt Vernon Rd, Atlanta, GA 30338 |
Retail | 15,382 SF | 1999 | - |
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