418 Decatur St SE - Medical FOR SALE


Atlanta, GA 30312- Sweet Auburn
$4,540,000 USD
904-535-4927
418 Decatur St SE, Atlanta, GA for Sale
$4,540,000 USD
Medical - FOR SALE
1/8
null | 6.15% Cap Rate

418 Decatur St SE
Atlanta, GA 30312
Sweet Auburn


HIGHLIGHTS

  • Lease Term & Increases
  • Minimal Landlord Responsibilities
  • Strong Credit Tenant
  • Strategic Location
  • Atlanta MSA
  • Higher Education & Healthcare

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, net-leased DaVita located at 418 Decatur Street SE in Atlanta, Georgia (the “Property”). The free-standing medical office Property has a gross leasable area of 11,040 square feet and sits on a 0.94-acre parcel with 435 feet of frontage. DaVita has been at this location since 2020 and has 9 years remaining on their lease with three (3), 5-year renewal options. The lease calls for attractive 10% increases every five years throughout the primary lease term and at the start of each renewal option. DaVita is extremely well located along Decatur Street SE and enjoys outstanding visibility, frontage and access. The Property is positioned in Atlanta’s Sweet Auburn neighborhood along the perimeter of Downtown Atlanta and enjoys outstanding access to the Central Business District. DaVita is across the street from the King memorial Subway Station (Blue & Green Lines) and is convenient to several Tram Stations. Additionally, the Property is within minutes of major area employers, several universities, newer construction apartment communities, densely populated residential neighborhoods, and area highways.

FOR SALE DETAILS

PRICE

$4,540,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Davita Dialysis

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

I1

APN/PARCEL ID

14-0045-0006-015-0

ASK ABOUT THIS PROPERTY

Riley HarderHorvath & TremblayMore Info
904-535-4927

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

Riley HarderHorvath & TremblayMore Info
904-535-4927

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