MedVet - Atlanta, GA_Property for Sale
MedVet - Atlanta, GA_Property for Sale
1700 Century Cir NE, Atlanta, GA, 30345-3020, US

MedVet - Atlanta, GA

Asset Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant MedVet property located in greater Atlanta, GA area (the "Property" or "Asset"). The Property is situated within the Century Center Office Park, which is adjacent to office, retail, and a planned residential development. The Property is just off I-85, which benefits from exposure to 212,000+ vehicles per day ("VPD"). The newly renovated Property will be occupied by MedVet Associates, LLC (the "Tenant"), which is subject to a ±12-year net lease with 2.75% annual rent increases and two five-year renewal options.

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Attributes

Building area net
2,467 m²
WAULT
12 years
Annual escalation
Fixed
Cap rate
6.5%
Asking price
€6,549,000
NOI
€426,000

Media

Investment Highlights

  • State-of-the-art animal emergency and specialty care hospital retrofit for MedVet
  • ±12-Year Net Lease
  • 2.75% Annual Rental Increases
  • Average Household Income of $165,000 within a 5-Mile Radius
  • Adjacent to Planned Residential Development
  • Immediate Interstate-85 access with connectivity to Atlanta
  • Best-in-Class Operator
MedVet - Atlanta, GA 4_Property for Sale

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MedVet - Atlanta, GA (0 Properties)

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Last updated
2 Apr 2025