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

26,553 sf

WAULT

12 years

Annual escalation

Fixed

Cap rate

6.5%

Asking price

$7,140,000

NOI

$464,000

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