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Peachtree Immediate Care, McDonough, GA

Peachtree Immediate Care

McDonough, Georgia

Price $2,154,000
Cap Rate 5.35% Return
NOI $115,200
Lease Term 10 Years
Lease Type Net Lease, With Tenant Responsible For Taxes, Insurance, And Maintenance Excluding Structural Portions Of The Roof, Building And Parking Lot
Rental Increases 2% Annual Rental Increases
Year Built 2022
Building Size 3,600 SF
Lot Size 0.493 Acres (21,476 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

10-YEAR NET LEASE TO GROWING HEALTHCARE TENANT
» New 10-year net lease to growing healthcare tenant
» Rare 2% annual rental increases, providing an excellent hedge against inflation
» Peachtree Immediate Care is the largest urgent care network in both the Atlanta MSA and the state of Georgia
» Peachtree Immediate Care is a market leader with 40+ locations in Georgia with the highest brand recognition and usage within its market
» New 2022 high-quality construction

HIGH-VISIBILITY LOCATION NEAR MAJOR TRAFFIC DRIVER
» Located along Highway 81 with excellent visibility and access to 33,100 vehicles per day
» Next to Starbucks and Chick-fil-A and surrounded by several national tenants, including Publix, Walgreens, CVS Pharmacy, Taco Bell, McDonald’s, and many more
» Across from Jason T. Harper Event Center with proximity to popular area attractions including Heritage Museum & Historic Village and Kiwanis Henry County Fair
» Walking distance to 100 South Luxury Apartments (240 units) and surrounded by numerous single and multi-family developments
» Proximity to highly attended schools in the immediate area, including Southern Crescent Technical College (5,246 students), Gordon State College McDonough (3,500 students), McDonough High School (1,127 students), and many others


PRIME LOCATION IN A DENSELY POPULATED AND GROWING MIDDLE-CLASS SUBURB
» 76,365 residents within a five-mile radius (32 percent growth since 2010), establishing a reliable customer base for the site
» Prime location in a middle-class community, with an average annual household income of $90,835 within five miles
» Projected 11 percent average annual household income increase by 2026, poising Peachtree Immediate Care and McDonough for significant concurrent growth
» Beneficial proximity to several airports including Hartsfield-Jackson Atlanta International Airport, the busiest and most efficient airport in the world (over 100 million annual passengers, $34.8 billion in economic impact) and Georgia’s largest employer (63,000 employees)
» Gateway to Atlanta, the most populous city in Georgia (498,715 residents), and the ninth-largest metro area in the U.S. (over six (6) million people)
» Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection and Area Development ranked Georgia the top state for doing business for the seventh year in a row


Property Description

Peachtree Immediate Care is located along Highway 81 with excellent visibility and access to 33,100 vehicles per day. The property is next to Starbucks and Chick-fil-A and is surrounded by several national tenants, including Publix, Walgreens, CVS Pharmacy, Taco Bell, McDonald’s, and many more. The site is across from Jason T. Harper Event Center, with proximity to popular area attractions including Heritage Museum & Historic Village and the Kiwanis Henry County Fair. The property is within walking distance to 100 South Luxury Apartments (240 units) and is surrounded by numerous single and multi-family developments. The site is near highly attended schools, including Southern Crescent Technical College (5,246 students), Gordon State College McDonough (3,500 students), McDonough High School (1,127 students), and many others.

The property is situated in a growing Atlanta suburb. 76,365 residents live within a five-mile radius (32 percent growth since 2010), establishing a reliable customer base for the site. The community is middle class, with an average annual household income of $90,835 within five miles, which is projected to increase 11 percent by 2026, poising Peachtree Immediate Care and McDonough for significant concurrent growth. The site maintains beneficial proximity to several airports including Hartsfield-Jackson Atlanta International Airport, the busiest and most efficient airport in the world (over 100 million annual passengers, $34.8 billion in economic impact) and Georgia’s largest employer (63,000 employees). The location serves as a common gateway to Atlanta, the most populous city in Georgia (498,715 residents) and the ninth-largest metro area in the U.S. with over six million residents.

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