Single-Tenant NNN
426 TRABERT AVE NW, Atlanta, GA 30309
For Sale
Contact for pricing
An operating pet-care facility is fully leased under a double-net agreement with renewal options and CPI-based rent adjustments.
Property Size15,733 SF
Lot Size0.92 Acres
Price / SF$333.69
Days on Market8
Property Features for 426 TRABERT AVE NW
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Ackerman & Co
Listed By:
Allen Farr · License #GA 378618
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 4:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ackerman & Co
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Investment Insights
Based on property information with market context.
At 426 Trabert Avenue NW, this single-tenant NNN property contains a 15,733-square-foot pet-care facility on approximately 0.92 acres. Bark & Board occupies the building under a double-net lease that runs through October 11, 2028, with annual CPI-based rent adjustments and two five-year renewal options. PetSuites of America, LLC, an affiliate of National Veterinary Associates, Inc., guarantees the lease.
A separate parking agreement with FGR Events, LLC, affiliated with Fifth Group Restaurants, provides an additional income source. The property is in Atlanta’s West Midtown area, near Atlantic Station and Midtown. Within 3 miles, the population exceeds 188,900 residents across 93,400 households, and average household income is more than $132,000.
A separate parking agreement with FGR Events, LLC, affiliated with Fifth Group Restaurants, provides an additional income source. The property is in Atlanta’s West Midtown area, near Atlantic Station and Midtown. Within 3 miles, the population exceeds 188,900 residents across 93,400 households, and average household income is more than $132,000.
Key Highlights
- 15,733‑square‑foot pet‑care facility on approximately 0.92 acres
- Fully occupied by Bark & Board under a double‑net lease through October 11, 2028
- Two five‑year renewal options and annual CPI‑based rent adjustments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,368
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,667,360
$3.7M
Cap Rate 7%
$2,619,543
$2.6M
Cap Rate 9%
$2,037,422
$2.0M
Market Conditions
NOI Build-Up for 15,733 SF
Gross rent
$283.2K $18.00/SF
− Vacancy
−$21.2K −$1.35/SF
EGI
$262.0K $16.65/SF
− OpEx
−$78.6K −$5.00/SF
NOI
$183.4K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,667,360
Cap Rate 7%
$2,619,543
Cap Rate 9%
$2,037,422
Alternative Uses
Best Use
Retail
$2.62M
$2.29M – $3.06M
NOI $183,368 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,858 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,234
Businesses Nearby
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Business Placement
Demographics for 30309, GA
31,856
Population
20,558
Households
1.5
Avg Household Size
34
Median Age
84%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
9,653
Density / Sq Mi
$111,894
Median Household Income
$81,517
Median Earnings
$2,123
Median Rent
$414,700
Median Home Value
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Market
Vacancy Rate% for Retail in Atlanta, GA
Frequently Asked Questions
What type of property is this?
NNN property - An operating pet-care facility is fully leased under a double-net agreement with renewal options and CPI-based rent adjustments.
Where is this nnn property located?
The property is located at 426 TRABERT AVE NW Atlanta, GA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 15,733‑square‑foot pet‑care facility on approximately 0.92 acres; Fully occupied by Bark & Board under a double‑net lease through October 11, 2028; Two five‑year renewal options and annual CPI‑based rent adjustments
