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CVS 2429 Martin Luther King Jr Dr 13,020 SF Retail Building Atlanta, GA 30311 $5,776,512 CAD ($443.66 CAD/SF) 6.50% Cap Rate
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
Maxx Bauman
License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 451849 (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
$5,776,512 CAD
Price Per SF
$443.66 CAD
Cap Rate
6.50%
NOI
$375,473 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.65 AC
Opportunity Zone
Yes
Parking
55 Spaces (4.22 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
Property Taxes
| Parcel Number | 14-0205-LL-104-5 | Improvements Assessment | $1,903,846 CAD |
| Land Assessment | $482,482 CAD | Total Assessment | $2,386,328 CAD |
Property Taxes
Parcel Number
14-0205-LL-104-5
Land Assessment
$482,482 CAD
Improvements Assessment
$1,903,846 CAD
Total Assessment
$2,386,328 CAD
Contacts
-
Sonny Molloy -
Jared Kaye -
Bennett Holman -
Grant Morgan -
Simon Ben-Moshe -
Matthews Real Estate Investment Services
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CVS | 2429 Martin Luther King Jr Dr
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