Leasehold Retail NNN
842 Peachtree Street Northeast Atlanta, GA 30308
842 Peachtree Street Northeast, Atlanta, GA, 30308
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For Sale
Contact for pricing
Absolute NNN structure with a recently extended lease and tenant responsibility for ground lease obligations.
Property Size12,150 SF
Price / SF$210.62
Days on Market89
Property Features for 842 Peachtree Street Northeast
General Information
- Standard status
- Active
- Size
- 12,150 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
John Redfield · License #CA 01928036
Source
Crexi
Added: Apr 24 Updated: Jul 20 at 9:39PM Checked: Jul 20 at 9:39PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This offering is an absolute NNN leasehold ownership interest in a retail property with a recently extended lease. The lease includes fair market renewal options, and the tenant is responsible for the ground lease obligations, with zero landlord responsibilities as stated in the public remarks.
The property is described as being in the heart of Midtown Atlanta and within a high-end residential district, with proximity to Georgia Institute of Technology, Downtown Atlanta, and Mercedes-Benz Stadium. The public remarks also reference strong, dense demographics in the 3-mile trade area.
Given the leasehold structure and the stated allocation of responsibilities, this asset is positioned for buyers seeking an NNN retail investment with tenant-controlled ground lease obligations and renewal options tied to fair market terms.
The property is described as being in the heart of Midtown Atlanta and within a high-end residential district, with proximity to Georgia Institute of Technology, Downtown Atlanta, and Mercedes-Benz Stadium. The public remarks also reference strong, dense demographics in the 3-mile trade area.
Given the leasehold structure and the stated allocation of responsibilities, this asset is positioned for buyers seeking an NNN retail investment with tenant-controlled ground lease obligations and renewal options tied to fair market terms.
Key Highlights
- Year built 2002
- Recently extended lease
- Fair market renewal options included
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $218.7k | $18.00 |
| − Vacancy | −$16.4k | −$1.35 |
| EGI | $202.3k | $16.65 |
| − OpEx | −$60.7k | −$5.00 |
| NOI | $141.6k | $11.66 |
12,150 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.36M
NOI $141,608 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,747 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MoneyGram
Bank
CVS Pharmacy
Pharmacy
UPS Access Point ...
Courier Service
CVS
Pharmacy
CVS Photo
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN structure with a recently extended lease and tenant responsibility for ground lease obligations.
Where is this nnn property located?
The property is located at 842 Peachtree Street Northeast Atlanta, GA.
What is the asking price?
The asking price for this property is $2,559,000.
What are key features of this property?
This property features: Year built 2002; Recently extended lease; Fair market renewal options included
