The Village Vets | 10 Year Extension | NNN | Atlanta, GA
Office | 6.35% CAP | 5,125 SqFt
Marketing description
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 and has recently executed a 10-year lease that runs through 2036. Tenant has invested over $850,000 toward property improvements showing long term commitment to the site.
Investment highlights
ANNUAL RENTAL INCREASES - The lease features 3% annual increases until 2030 upon which increases revert to 2.5%
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.
EXCEPTIONAL DEMOGRAPHICS - The property features 3 Mile Population of 69,995 earning $168K
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