1610 Mt Vernon Rd - Storefront FOR SALE


Atlanta, GA 30338- Dunwoody
$7,944,500 USD
770-634-4500
1610 Mt Vernon Rd, Atlanta, GA for Sale
$7,944,500 USD
Storefront - FOR SALE
1/7
null | 6% Cap Rate

1610 Mt Vernon Rd
Atlanta, GA 30338
Dunwoody


HIGHLIGHTS

  • “Legacy Quality” Retail Center / Passive Ownership
  • 81.6% Credit Tenants / 83% of Income from CVS & Chipotle
  • Avg HH Income over $236,000—Top 2% in the U.S.
  • CVS - Tenant here for 24 Years, Chipotle - has 13 Years remaining Term
  • High Barriers to Entry - No developable land nearby; must tear something down

OVERVIEW

Note: Buyer broker fee subject to signing a NDA. This offering is for a 3-Tenant, “Legacy Quality” Retail Center anchored by CVS (NYSE: CVS, S&P “BBB” Rated, $56 BN Market Cap) and Chipotle (NYSE: CMG, $82 BN Market Cap, $9.87 BNN Revenues). The third tenant is Allie’s Pampered Paws, a successful high-end Dog Grooming Salon (this is their 2nd location in addition to a Mobile Grooming Service). The property is located in one of the most affluent areas of Atlanta, Georgia. This area, known as Dunwoody Village, is in the top 2% of household incomes in the United States, over $236,000 per household. Home prices range to $5 million+. This is a highly sought after location and there are extremely high barriers to entry, including a new Dunwoody Village Overlay (more details on the following pages). CVS has been a tenant here for over 24 Years. Chipotle has just under 13 years of remaining term and Allie’s is a new lease with over 5 years of term and annual 3% rent increases. This is a superb long-term, passive ownership property with increasing rents and great tenants.

FOR SALE DETAILS

PRICE

$7,944,500 USD

PRICE/SF

$595 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS-Chipotle-Allie's 3 Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

C1

APN/PARCEL ID

18-366-07-005

ASK ABOUT THIS PROPERTY

Emery ShaneEWS Advisory GroupMore Info
770-634-4500

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Emery ShaneEWS Advisory GroupMore Info
770-634-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.