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CVS/Pharmacy 1700 Seminole Trl 11,945 SF Retail Building Charlottesville, VA 22901 $8,309,599 CAD ($695.66 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease with zero landlord responsibilities and over 11 years remaining on base term.
- Premier Location off I-85 in the Atlanta MSA with visibility to over 36,000 VPD on Chamblee Tucker Rd.
- Below-Market Rent at $32.87/SF offering future upside on a large 1.12-acre parcel with reuse potential.
- Corporate Guaranty from McDonald’s, a globally recognized tenant with AUVs exceeding $4 million.
- Built-in 15% Rent Increases every option period across eight five-year renewal terms.
Executive Summary
Offered at a 4.25% cap rate, the McDonald’s at 2772 Chamblee Tucker Rd in Chamblee, GA presents investors with a stable, passive income opportunity via a corporate-guaranteed, absolute NNN ground lease with zero landlord responsibilities. The property boasts 11 years remaining on its initial term with eight five-year options, each including 15% rent escalations. Situated on 1.12 acres with a 4,411 SF building footprint, this asset benefits from its strategic location directly off I-85, experiencing over 209,000 vehicles per day, and within the dense Atlanta MSA, supported by a strong demographic base and economic activity. McDonald’s average unit volume exceeding $4 million reinforces the long-term viability of this location.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
B
Year Built
2016
Price
$8,309,599 CAD
Price Per SF
$695.66 CAD
Cap Rate
5.75%
NOI
$477,802 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.54 AC
Zoning
HC - Highway Commercial
Parking
47 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
349’ on Seminole Trail
Amenities
- Pylon Sign
- Drive Thru
- Recessed Lighting
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06100-00-00-123H0 | Improvements Assessment | $3,310,507 CAD |
| Land Assessment | $3,610,895 CAD | Total Assessment | $6,921,402 CAD |
Property Taxes
Parcel Number
06100-00-00-123H0
Land Assessment
$3,610,895 CAD
Improvements Assessment
$3,310,507 CAD
Total Assessment
$6,921,402 CAD
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CVS/Pharmacy | 1700 Seminole Trl
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