4870 Atlanta SE Rd Atlanta, GA 30339-1507
- Showrooms
- 10,220 SF
- 1.05 lot acres
Mar 31, 2023
Current Use by Public Records
- K-9 Coach / Pet Boarding Service / Pet Groomer
Property Details for 4870 Atlanta SE Rd
- Year built
- 1969
- Lot size
- 1.05 lot acres
- Property size
- 10,220 SF
- Zone code
- HI
- Property type
- Showrooms
- APN
- 17089400120
- APU
- 17089400120
Description
This exceptional investment opportunity presents a 10,220 square foot, single-tenant, free-standing medical office and pet boarding facility located at 4870 S Atlanta Rd SE, Atlanta, GA 30339. The property sits on a 1.05-acre lot and is currently 100% occupied by Destination Pet, a leading national operator with 58 locations across 22 states, backed by private equity. The absolute NNN lease commenced November 4, 2021, and has a remaining term of 12 years, with three 5-year renewal options. Rent increases of 10% every 5 years are built into the lease, providing strong protection against inflation and significant future cash flow growth. The asking price is $1,500,000, representing a 7.00% cap rate and a price per square foot of $146.77. The property boasts a strong NOI of $105,000. This recession-resistant investment benefits from its location in a densely populated area with high average household incomes (over $137,800 within a 5-mile radius), serving a market of over 206,500 residents. The property's strategic location offers easy access to surrounding markets, approximately 10 miles from Downtown Atlanta. The veterinary services market is experiencing robust growth, projected to reach $142 billion by 2025. This presents a compelling opportunity for a passive, long-term investment with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.4727
- Latitude
- 33.8358
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
