Skip to main content

Single-Tenant Office Medical

Peachtree Immediate Care

840 Hwy 81, McDonough, GA 30252

Listing Price: $2,220,000

Cap Rate
5.50%
Tenant Name
Peachtree Immediate Care
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Double Net
Rent Per Square Feet
$33.96

Investment Overview

LOCATION- LOCATED IN A DENSE RETAIL CORRIDOR IN AN AFFLUENT MARKET OF ATLANTA
* This location, per placer.ai, ranks as one of the top locations in the chain- over 36K visitors annually which ranks this location #7 in the chain out of 50 that are registered in placer (88th percentile)
* Located immediately adjacent to a high traffic Chick-fil-A (915K visitors), Starbucks (311.3K visitors), Taco Bell (228.5K visitors), Walgreens (319.5K visitors), and McDonald’s (458.5K visitors)
* Adjacent to Paradise Pointe at Lake Dow- Publix anchored center with over 2.5M visitors per year (88th percentile nationally, 94th in GA)
* Across the street from a new retail development that consists of Zaxby’s, Heartland Dental, Dutch Bros, Whataburger, Tidal Wave Car Wash, Mavis Tire, and Valvoline
* Adjacent to McDonough High School (1,400+ students) and McDonough Middle School (950+ students)
* Approximately 3 miles from an Industrial complex with over 42M SF of industrial space
* Approximately 30 miles south of downtown Atlanta- Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies with 15 headquartered in Atlanta including Home Depot, Delta, Coca-Cola, and UPS
* Atlanta currently has nearly 6.5 million residents with an expected growth rate of 5% over the next five years
* Currently over 77,000 people in a 5-mile radius from the subject property with an expected growth rate of 7.0% over the next five years
* $105,000 average household income in the 5-mile radius

TENANT- STRONG CORPORATE GUARANTEE FROM A RAPIDLY EXPANDING TENANT
* Peachtree Immediate Care, the exclusive urgent care partner for the Emory Healthcare Network (the largest academically based, clinically integrated network in Georgia with more than 3,800 physicians concentrating in 70 different subspecialities at over 580 provider locations) currently operates in over 70 locations in the state of Georgia
* Peachtree Immediate Care, founded in 2012 and headquartered in Atlanta, is part of CRH Healthcare which includes brands such as Patients First, Patriot Urgent Care, and AppleCare Urgent Care- CRH Healthcare has over 90 locations throughout Georgia, Florida, and Maryland

LEASE TERMS- LONG TERM LEASE WITH STRONG ANNUAL INCREASES
* Peachtree Immediate Care originally signed a 10-year NN Lease in July 2022 that will expire on July 31, 2032
* Strong annual increases of 2.0%
* Two (2), Five (5) year options to extend
* Conservative medical rent- currently paying just under $34/SF
* New state of the art construction- built in 2022

Investment Highlights

  • This location, per placer.ai, ranks as one of the top locations in the chain- over 36K visitors annually which ranks this location #7 in the chain out of 50 that are registered in placer
  • Located immediately adjacent to a high traffic Chick-fil-A (915K visitors), Starbucks (311.3K visitors), Taco Bell (228.5K visitors), Walgreens (319.5K visitors), and McDonald's (458.5K visitors)
  • Peachtree Immediate Care originally signed a 10-year NN Lease in July 2022 that will expire on July 31, 2032

Exclusively Listed By

Single-Tenant Office Medical

Peachtree Immediate Care

Listing Price: $2,220,000

Cap Rate
5.50%
Tenant Name
Peachtree Immediate Care
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Double Net
Rent Per Square Feet
$33.96

Investment Highlights

  • This location, per placer.ai, ranks as one of the top locations in the chain- over 36K visitors annually which ranks this location #7 in the chain out of 50 that are registered in placer
  • Located immediately adjacent to a high traffic Chick-fil-A (915K visitors), Starbucks (311.3K visitors), Taco Bell (228.5K visitors), Walgreens (319.5K visitors), and McDonald's (458.5K visitors)
  • Peachtree Immediate Care originally signed a 10-year NN Lease in July 2022 that will expire on July 31, 2032

Investment Overview

LOCATION- LOCATED IN A DENSE RETAIL CORRIDOR IN AN AFFLUENT MARKET OF ATLANTA * This location, per placer.ai, ranks as one of the top locations in the chain- over 36K visitors annually which ranks this location #7 in the chain out of 50 that are registered in placer (88th percentile) * Located immediately adjacent to a high traffic Chick-fil-A (915K visitors), Starbucks (311.3K visitors), Taco Bell (228.5K visitors), Walgreens (319.5K visitors), and McDonald’s (458.5K visitors) * Adjacent to Paradise Pointe at Lake Dow- Publix anchored center with over 2.5M visitors per year (88th percentile nationally, 94th in GA) * Across the street from a new retail development that consists of Zaxby’s, Heartland Dental, Dutch Bros, Whataburger, Tidal Wave Car Wash, Mavis Tire, and Valvoline * Adjacent to McDonough High School (1,400+ students) and McDonough Middle School (950+ students) * Approximately 3 miles from an Industrial complex with over 42M SF of industrial space * Approximately 30 miles south of downtown Atlanta- Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies with 15 headquartered in Atlanta including Home Depot, Delta, Coca-Cola, and UPS * Atlanta currently has nearly 6.5 million residents with an expected growth rate of 5% over the next five years * Currently over 77,000 people in a 5-mile radius from the subject property with an expected growth rate of 7.0% over the next five years * $105,000 average household income in the 5-mile radius TENANT- STRONG CORPORATE GUARANTEE FROM A RAPIDLY EXPANDING TENANT * Peachtree Immediate Care, the exclusive urgent care partner for the Emory Healthcare Network (the largest academically based, clinically integrated network in Georgia with more than 3,800 physicians concentrating in 70 different subspecialities at over 580 provider locations) currently operates in over 70 locations in the state of Georgia * Peachtree Immediate Care, founded in 2012 and headquartered in Atlanta, is part of CRH Healthcare which includes brands such as Patients First, Patriot Urgent Care, and AppleCare Urgent Care- CRH Healthcare has over 90 locations throughout Georgia, Florida, and Maryland LEASE TERMS- LONG TERM LEASE WITH STRONG ANNUAL INCREASES * Peachtree Immediate Care originally signed a 10-year NN Lease in July 2022 that will expire on July 31, 2032 * Strong annual increases of 2.0% * Two (2), Five (5) year options to extend * Conservative medical rent- currently paying just under $34/SF * New state of the art construction- built in 2022

Exclusively Listed By

MM Texture Background
MM Textured Background Lower