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Single-Tenant Office Medical

Chamberlain University College of Nursing

1100 Altmore Ave, Sandy Springs, GA 30342

Listing Price: $19,700,000

Cap Rate
7.00%
Tenant Name
Chamberlain University
Years Remaining On Lease
9.6
Gross SF
65,221
Guarantor
Corporate Guarantee
Rentable SF
65,221
Price/Gross SF
$302.05
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.16

Investment Overview

The Chamberlain University College of Nursing is strategically located within Atlanta’s predominant healthcare corridor, one of the most established and dense medical clusters in the Southeastern United States. The immediate area is home to Northside Hospital, Emory Saint Joseph’s Hospital, and Children’s Healthcare of Atlanta, which collectively anchor the submarket’s healthcare ecosystem. The depth of healthcare infrastructure in the immediate vicinity, with hundreds of physician practices, outpatient facilities, and support services, provides a direct pipeline for clinical placements, partnerships, and student demand.

The property is located within the Altmore Perimeter campus, a premier mixed-use project, currently in development, designed to create a walkable, transit-oriented environment in the heart of Central Perimeter. Once completed the campus will include approximately 560,000 square feet of Class A office space, a newly delivered 186-key Hyatt House hotel, curated food and beverage offerings, and a 230,000 square foot office tower, with future multifamily planned around a central activated plaza.

The asset has been leased since 2011 to Adtalem Global Education Inc., (rebranded to Covista as of February 2026) a publicly traded education provider focused on healthcare and professional programs. Covista has demonstrated strong financial performance, supported by consistent enrollment growth and increasing demand for healthcare education, with recent reporting indicating double-digit enrollment gains and projected annual revenues exceeding $1.7 billion.

Within a three-mile radius of the property, average household incomes exceed $160,000 and the daytime population reaches 242,951 people. The surrounding population is also notably well-educated, with more than 30% of residents

Investment Highlights

  • NNN Lease with 9+ Years Remaining and 2.5% Annual Rent Increases
  • Located within the Altmore Perimeter Campus, a Premier Mixed-Use Project, Currently in Development, with Office, Hospitality, and Retail Components
  • Well Positioned in Sandy Springs, a Regional Hub for Healthcare with 40% of All Hospital Beds in the Metro Atlanta Area
  • Immediate Access to GA-400 and I-285, with Traffic Counts of Over 218,000 VPD
  • Direct Connectivity to the Medical Center MARTA Station

Exclusively Listed By

  • David E. Gant

    Senior Director Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

Broker of Record

  • John M. Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Single-Tenant Office Medical

Chamberlain University College of Nursing

Listing Price: $19,700,000

Cap Rate
7.00%
Tenant Name
Chamberlain University
Years Remaining On Lease
9.6
Gross SF
65,221
Guarantor
Corporate Guarantee
Rentable SF
65,221
Price/Gross SF
$302.05
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.16

Investment Highlights

  • NNN Lease with 9+ Years Remaining and 2.5% Annual Rent Increases
  • Located within the Altmore Perimeter Campus, a Premier Mixed-Use Project, Currently in Development, with Office, Hospitality, and Retail Components
  • Well Positioned in Sandy Springs, a Regional Hub for Healthcare with 40% of All Hospital Beds in the Metro Atlanta Area
  • Immediate Access to GA-400 and I-285, with Traffic Counts of Over 218,000 VPD
  • Direct Connectivity to the Medical Center MARTA Station

Investment Overview

The Chamberlain University College of Nursing is strategically located within Atlanta’s predominant healthcare corridor, one of the most established and dense medical clusters in the Southeastern United States. The immediate area is home to Northside Hospital, Emory Saint Joseph’s Hospital, and Children’s Healthcare of Atlanta, which collectively anchor the submarket’s healthcare ecosystem. The depth of healthcare infrastructure in the immediate vicinity, with hundreds of physician practices, outpatient facilities, and support services, provides a direct pipeline for clinical placements, partnerships, and student demand. The property is located within the Altmore Perimeter campus, a premier mixed-use project, currently in development, designed to create a walkable, transit-oriented environment in the heart of Central Perimeter. Once completed the campus will include approximately 560,000 square feet of Class A office space, a newly delivered 186-key Hyatt House hotel, curated food and beverage offerings, and a 230,000 square foot office tower, with future multifamily planned around a central activated plaza. The asset has been leased since 2011 to Adtalem Global Education Inc., (rebranded to Covista as of February 2026) a publicly traded education provider focused on healthcare and professional programs. Covista has demonstrated strong financial performance, supported by consistent enrollment growth and increasing demand for healthcare education, with recent reporting indicating double-digit enrollment gains and projected annual revenues exceeding $1.7 billion. Within a three-mile radius of the property, average household incomes exceed $160,000 and the daytime population reaches 242,951 people. The surrounding population is also notably well-educated, with more than 30% of residents

Exclusively Listed By

  • David E. Gant

    Senior Director Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

Broker of Record

  • John M. Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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