1700 Seminole Trl - Drug Store FOR SALE


Charlottesville, VA 22901
$5,913,043 USD
865-456-7821
1700 Seminole Trl, Charlottesville, VA for Sale
$5,913,043 USD
Drug Store - FOR SALE
1/5
null | 5.75% Cap Rate

1700 Seminole Trl
Charlottesville, VA 22901


HIGHLIGHTS

  • Absolute NNN Ground Lease with zero landlord responsibilities and over 11 years remaining on base term.
  • Corporate Guaranty from McDonald’s, a globally recognized tenant with AUVs exceeding $4 million.
  • Premier Location off I-85 in the Atlanta MSA with visibility to over 36,000 VPD on Chamblee Tucker Rd.
  • Built-in 15% Rent Increases every option period across eight five-year renewal terms.
  • Below-Market Rent at $32.87/SF offering future upside on a large 1.12-acre parcel with reuse potential.

OVERVIEW

Offered at a 4.25% cap rate, the McDonald’s at 2772 Chamblee Tucker Rd in Chamblee, GA presents investors with a stable, passive income opportunity via a corporate-guaranteed, absolute NNN ground lease with zero landlord responsibilities. The property boasts 11 years remaining on its initial term with eight five-year options, each including 15% rent escalations. Situated on 1.12 acres with a 4,411 SF building footprint, this asset benefits from its strategic location directly off I-85, experiencing over 209,000 vehicles per day, and within the dense Atlanta MSA, supported by a strong demographic base and economic activity. McDonald’s average unit volume exceeding $4 million reinforces the long-term viability of this location.

FOR SALE DETAILS

PRICE

$5,913,043 USD

PRICE/SF

$495 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

CVS/Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

66,908 SF

ZONING

HC

APN/PARCEL ID

06100-00-00-123H0

ASK ABOUT THIS PROPERTY

Tanner SanfordMatthews Real Estate Investment ServicesMore Info
865-456-7821

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Tanner SanfordMatthews Real Estate Investment ServicesMore Info
865-456-7821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.