1850 NE Johnson Rd - Veterinarian/Kennel FOR SALE


Atlanta, GA 30306- Morningside-Lenox Park
$7,007,793 USD
323-609-4405
1850 NE Johnson Rd, Atlanta, GA for Sale
$7,007,793 USD
Veterinarian/Kennel - FOR SALE
1/3
null | 6.75% Cap Rate

1850 NE Johnson Rd
Atlanta, GA 30306
Morningside-Lenox Park


HIGHLIGHTS

  • MORE THAN 4 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF BRIARCLIFF ROAD NE | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • ZERO LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, VCA Briarcliff Animal Hospital investment property located in Atlanta, Georgia. The Tenant, VCA, has over 4 years remaining in their extended term with 1 (one) 5-year option to extend. The lease features CPI increases at the start of each option period. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities. They prioritize the well-being of every pet, extending their care beyond the hospitals they operate. VCA Briarcliff Animal Hospital is strategically located on Johnson Road NE. The site benefits from superior visibility via significant street frontage, a large pylon sign situated along Briarcliff Road NE and a facade sign along Johnson Road NE. It shares this busy Atlanta area with businesses like Kroger, United States Postal Service, Sherwin Williams and Extra Space Storage. The location benefits from the frequent street traffic of the intersection of Briarcliff Road NE, Johnson Road NE and Zonolite Road NE, which sees over 28,000 vehicles daily. The 5-mile trade area is supported by a population of 442,166 and 425,591 daytime employees with an average household income of $173,845.

FOR SALE DETAILS

PRICE

$7,007,793 USD

PRICE/SF

$785 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

M

APN/PARCEL ID

18-107-15-050

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

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