3551 Satellite Blvd - Medical FOR SALE


Duluth, GA 30096- Downtown Duluth
$1,820,000 USD
678-808-2762
3551 Satellite Blvd, Duluth, GA for Sale
$1,820,000 USD
Medical - FOR SALE
1/3
null | 6.5% Cap Rate

3551 Satellite Blvd
Duluth, GA 30096
Downtown Duluth


OVERVIEW

PROMINENT ATLANTA RETAIL CORRIDOR | 7.2M SF OF RETAIL • This Peachtree Immediate Care is at the intersection of Satellite Blvd and Pleasant Hill Road. • This Peachtree Immediate Care is positioned in the heart of Duluth’s retail corridor and has 7.2M SF of retail in a 1-mile radius (CoStar). • Surrounding national tenants include Kroger, Sam’s Club, Firestone, Olive Garden, Raising Cane’s, Burger King and more. LOCATED OFF INTERSTATE 85 (278,000 VPD) • This subject property is uniquely positioned a half mile from I-85 which sees 278,000 VPD. • Interstate 85 connects Atlanta, GA to Richmond, VA. HIGH GROWTH NORTH ATLANTA SUBURB | 5 MI POP: 247,952 W/ 16.64% GROWTH • Duluth is a high growth North Atlanta suburb, located 24 miles northeast of downtown Atlanta. • Duluth is one of the fastest-growing communities in Georgia with 247,952 people in a 5 mile radius and 16.64% growth between 2010-2020. • Gwinnett County is the second most populous county in the state with over 980K people. Gwinnett’s population is expected to exceed 1.2M people by 2035. NEWLY EXTENDED 10-YEAR CORPORATE PEACHTREE IMMEDIATE CARE WITH ANNUAL BUMPS • This Peachtree Immediate Care has a 10 year corporate-guaranteed NN lease with annual rent bumps adjusted by CPI with a 3% cap. • This lease is corporately backed by CRH Healthcare, which operates 98+ locations across Georgia, Florida, and Maryland under three brands: PIC, Patients First, and Patriot Urgent Care. • This Peachtree Immediate Care has been at this location since 2015 and recently signed a new 10 year lease with a 34% rent increase showcasing their commitment to the location. • The landlord is responsible for roof, structure, parking lot, HVAC, insurance and landscaping. • The tenant is responsible for taxes, and utilities. • The tenant contributes $15,680 in additional income through CAM to pay for landlord expenses. PEACHTREE IMMEDIATE CARE IS THE LEADING URGENT CARE IN GA | 70+ LOCATIONS • Peachtree Immediate Care (“PIC”) is the largest urgent care in GA with 70+ locations. • In 2016, Peachtree Immediate Care partnered with Emory, allowing clinics to be part of a clinically integrated network, where all providers — Emory-employed and network-affiliated — adhere to shared quality metrics and cost objectives. • This Peachtree Immediate Care has high customer satisfaction as showcased by an impressive 4.62 stars from 2,268 reviews across Birdeye and Google.

FOR SALE DETAILS

PRICE

$1,820,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peachtree Immediate Care | Affluent North ATL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

AA012

APN/PARCEL ID

6-232-032

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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