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My Eyelab & Peachtree Immediate Care, Cartersville, GA

My Eyelab & Peachtree Immediate Care

Price $3,263,000
Cap Rate 6.25%
NOI $203,946
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2018
Building Size 6,343 SF
Lot Size 0.87 acres (37,897 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

100% MULTI-TENANT RETAIL CENTER
» New 10-year leases for both tenants
» 2% annual rental increases in primary term and extension periods, offering hedge against inflation
» Well-known and established tenants

PRIME LOCATION IN A DENSE ATLANTA MSA RETAIL CORRIDOR
» Located just off Joe Frank Harris Parkway with access and visibility to 30,100 vehicles per day in front of the site
» Directly across the highway from Cartersville High School that has 1,261students
» Interparcel access with Main Street Shopping Center, a Target-anchored center that also features Belk, Publix, T.J. Maxx, Hibbett Sports, Cici’s Pizza among many other well-known tenants
» The site also benefits from its proximity to Walmart Supercenter, Lowe’s, Hobby Lobby, O’Reilly Auto Parts, The Home Depot, Big Lots, McDonald’s, Wendy’s, Subway, Chick-fil-A, Moe’s, Ross, Discount Tire, Petsmart, and dozens of other national brands

RECENTLY REMODELED BUILDING
» High-quality construction remodel completed in 2018
» Recent remodel limits near-term deferred maintenance and capital costs



Property Description

The property is located on North Morningside Drive, which runs parallel with with U.S. Highway 41 (30,100 AADT). It is located just beside Main Street Shopping Center, anchored by Target, Publix, Belk, and T.J. Maxx. Other retailers in close proximity of the site include CVS Pharmacy, Walgreens, Target, Kroger, Kohl’s, Hobby Lobby, Chick-fil-A, Starbucks, Panera Bread, among dozens of other national brands.

Additionally, the property is located just across the highway from Cartersville High School, the largest high school in Cartersville, with 1,261 students. Cartersville is located in the Atlanta MSA, the 3rd largest MSA in the Southeast and the 9th largest MSA in the U.S. It is a ten minute drive from Red Top Mountain State Park and Allatoona Lake, offering hiking, fishing, picnicing, and other activies for outdoor ethusiasts.

Contact Us About This Property

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