For Sale
$1,500,000

4870 Atlanta RdAtlanta, GA 30339

High-growth market, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,220 square foot, single-tenant, free-standing medical office and pet boarding facility located at 4870 S Atlanta Rd SE, Atlanta, GA 30339. The property sits on a 1.05-acre lot and is currently 100% occupied by Destination Pet, a leading national operator with 58 locations across 22 states, backed by private equity. The absolute NNN lease commenced November 4, 2021, and has a remaining term of 12 years, with three 5-year renewal options. Rent increases of 10% every 5 years are built into the lease, providing strong protection against inflation and significant future cash flow growth. The asking price is $1,500,000, representing a 7.00% cap rate and a price per square foot of $146.77. The property boasts a strong NOI of $105,000. This recession-resistant investment benefits from its location in a densely populated area with high average household incomes (over $137,800 within a 5-mile radius), serving a market of over 206,500 residents. The property's strategic location offers easy access to surrounding markets, approximately 10 miles from Downtown Atlanta. The veterinary services market is experiencing robust growth, projected to reach $142 billion by 2025. This presents a compelling opportunity for a passive, long-term investment with significant upside potential.

Highlights

  • Absolute NNN lease; passive, long-term investment.
  • 10% rent increases every 5 years; hedge against inflation.
  • Recession-resistant investment; strong demand for veterinary properties.
  • Tenant unlikely to relocate; high patient retention and relocation costs.
  • Convenient location; ±10 miles from Downtown Atlanta, strong access to surrounding areas.
  • High-density population; over 206,500 residents within a 5-mile radius, average household income over $137,800.

Property Details for 4870 Atlanta Rd

Property type
Retail properties, Office properties
Square Feet
10,220 SF
Stories
1
Lot Size (sq. ft)
45,738 SF
Units
1

Location Insight

City
Atlanta
County
Cobb
State
Georgia
Latitude
33.835789
Longitude
-84.472473
4870 Atlanta Rd, Atlanta, Georgia

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4870 Atlanta Rd
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