Leasehold Retail NNN
For Sale
Contact for pricing
842 Peachtree Street Northeast, Atlanta, GA 30308
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 Market135
Property Features for 842 Peachtree Street Northeast
General Information
Standard status
Active
Size
12,150 SF
Property subtype
Retail
Zoning
SPI-16 SA1 - Special Public Interest
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$204,754
Additional Details
Business Included
Yes
Building Details
Year Built
2002
Units
5
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Apr 24
Changed: Aug 14
Last Checked: Sep 2 at 7:27PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,832,160
$2.8M
Cap Rate 7%
$2,022,971
$2.0M
Cap Rate 9%
$1,573,422
$1.6M
Market Conditions
NOI Build-Up for 12,150 SF
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.
Gross rent
$218.7K $18.00/SF
− Vacancy
−$16.4K −$1.35/SF
EGI
$202.3K $16.65/SF
− OpEx
−$60.7K −$5.00/SF
NOI
$141.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,832,160
Cap Rate 7%
$2,022,971
Cap Rate 9%
$1,573,422
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 30308, GA
22,121
Population
16,007
Households
1.4
Avg Household Size
32
Median Age
74%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
13,826
Density / Sq Mi
$82,420
Median Household Income
$64,696
Median Earnings
$1,824
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
