2429 Martin Luther King Jr Dr - Drug Store FOR SALE


Atlanta, GA 30311- Westview
$4,282,292 USD
404-868-4892
2429 Martin Luther King Jr Dr, Atlanta, GA for Sale
$4,282,292 USD
Drug Store - FOR SALE
1/4
null | 6.5% Cap Rate

2429 Martin Luther King Jr Dr
Atlanta, GA 30311
Westview


HIGHLIGHTS

  • Prime location at the heart of the primary retail corridor with national credit tenants nearby, including Walmart, Home Depot, AutoZone, and more.
  • Positioned on M.L.K. Jr Dr SW and Hightower Rd NW, benefiting from combined traffic counts of 26,400 cars per day.
  • 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.
  • Close proximity to a cluster of universities—Morehouse College, Clark Atlanta University, Georgia Institute of Technology, and Spelman College.
  • Long-term lease in place with seven years remaining on the base term, plus six additional 5-year renewal options.
  • Hard-corner location at a multi-signalized intersection.

OVERVIEW

Bill Pedersen License # 80041 (GA) Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$4,282,292 USD

PRICE/SF

$329 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

-

APN/PARCEL ID

14-0205-LL-104-5

ASK ABOUT THIS PROPERTY

Sonny MolloyMatthews Real Estate Investment ServicesMore Info
404-868-4892

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

Sonny MolloyMatthews Real Estate Investment ServicesMore Info
404-868-4892

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