Overview
Atlantic Capital Partners has been engaged to solicit offers for the sale of The Village Vets in Atlanta, Georgia. This 5,125 SF single tenant building has been 100% occupied by The Village Vets since 2019 on a 10-year lease that runs through 2029. Tenant has invested over $850,000 toward property improvements showing long term commitment to the site. The lease features 3% annual increases, amortized TI, Tax incentives and includes two (2), five (5) year options at Fair Market Value.
Situated at 1940 Moores Mill Road, the property features an excellent location as the surrounding trade area has undergone massive redevelopment in recent years. Notable projects include The Westlight (172 units), Luna (345 units) and the immediate trade area features a Publix (ranked in the top 80% in GA by Placer.ai).
Investment Highlights
ANNUAL RENTAL INCREASES
The lease features 3% annual increases, including the Two, Five Year Options
LIMITED LANDLORD RESPONSIBILITIES
NNN lease with limited landlord responsibilities(Roof & Structure)
BELOW MARKET RENTS
Current tenant has below market rents creating upside potential through increasing rents at lease expiration to market value
EXPERIENCED OPERATOR
The Village Vets operator (SVP) has over 300 veterinary locations in the U.S.
ROBUST DEMOGRAPHICS
The property features 3 Mile Population of 69,995 earning $168K
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