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CVS 2429 Martin Luther King Jr Dr 13,020 SF Retail Building Atlanta, GA 30311 $5,895,774 CAD ($452.82 CAD/SF) 6.50% Cap Rate

Drug Stores Georgia Atlanta 2429 Martin Luther King Jr Dr, Atlanta, GA 30311

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,020 SF
Building Class
B
Year Built
2006
Price
$5,895,774 CAD
Price Per SF
$452.82 CAD
Cap Rate
6.50%
NOI
$383,225 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.65 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

LINKS

1 1

PROPERTY TAXES

Parcel Number 14-0205-LL-104-5 Improvements Assessment $1,889,273 CAD
Land Assessment $478,789 CAD Total Assessment $2,368,062 CAD

PROPERTY TAXES

Parcel Number
14-0205-LL-104-5
Land Assessment
$478,789 CAD
Improvements Assessment
$1,889,273 CAD
Total Assessment
$2,368,062 CAD
(404) 868-4892

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38777199

  • Date on Market: 2025-12-15

  • Last Updated:

  • Address: 2429 Martin Luther King Jr Dr, Atlanta, GA 30311

The Westview Retail Property at 2429 Martin Luther King Jr Dr, Atlanta, GA 30311 is currently available. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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CVS | 2429 Martin Luther King Jr Dr
(404) 868-4892 x

CVS | 2429 Martin Luther King Jr Dr

Sonny Molloy
(404) 868-4892

Jared Kaye
(404) 897-0452

Bennett Holman
(470) 826-1718

Grant Morgan
(205) 610-8670

Simon Ben-Moshe
(404) 368-4057

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