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2429 Martin Luther King Jr Dr, Atlanta, GA, 30311

CVS
$4,125,615

Key Information

Cap Rate
6.75%
Tot. SF
13,020
Term Remaining
±7 Yrs
Type
Retail

Highlights

  • Prime location at the heart of the primary retail corridor with national credit tenants nearby, including Walmart, Home Depot, AutoZone, Wendy’s, McDonald’s, and Burger King, driving strong daily foot traffic.
  • Positioned on M.L.K. Jr Dr SW and Hightower Rd NW, benefiting from combined traffic counts of 26,400 cars per day.
  • First drugstore off the I-20 Freeway exit at Hamilton E Holmes Dr NW, which carries ±230,000 vehicles per day, connecting major southern cities.
  • Close proximity to a cluster of universities—Morehouse College, Clark Atlanta University, Georgia Institute of Technology, and Spelman College—totaling nearly 60,000 students.
  • Long-term lease in place with seven years remaining on the base term, plus six additional 5-year renewal options.
  • Hard-corner location at a multi-signalized intersection.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203