842 NE Peachtree St - Freestanding FOR SALE


Atlanta, GA 30308- Central Midtown
$2,559,000 USD
949-547-2213
842 NE Peachtree St, Atlanta, GA for Sale
$2,559,000 USD
Freestanding - FOR SALE
1/9
null | 8% Cap Rate

842 NE Peachtree St
Atlanta, GA 30308
Central Midtown


HIGHLIGHTS

  • Recently Extended Lease | Fair Market Renewal Options | Tenant Responsible for Ground Lease Obligations
  • Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
  • Heart of Midtown Atlanta | High End Residential District | Proximity to Georgia Institute of Technology, Downtown and Mercedes Benz Stadium
  • Strong, Dense Demographics In 3-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased CVS investment property located in Midtown Atlanta, Georgia. The tenant, CVS Health, Inc. (S&P: BBB), has recently extended its lease through October 2031 on both the building and the underlying ground lease, demonstrating its commitment to the site and long-term confidence in this premier urban location. The lease features four remaining 5-year renewal options at fair market rent, providing long-term income durability and future leasing flexibility. CVS is responsible for CAM, taxes, insurance, maintenance, and all ground lease obligations, offering zero landlord responsibilities and making this an ideal passive investment opportunity for a wide range of investors. In addition, the leasehold ownership structure offers the benefit of depreciating 100% of the asset basis, creating an added tax advantage.

FOR SALE DETAILS

PRICE

$2,559,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

CVS (Leasehold) | Midtown Atlanta

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

SPI-16 SA1

APN/PARCEL ID

14-0049-0001-030-0

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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