Peachtree Immediate Care & My Eyelab
Closed122 N Morningside Dr, Cartersville, GA 30121
Property type
Retail
Price
$2,950,000
Building size
6,343 sf
Rentable area
6,343 SF
Year built
2003
Year renovated
Occupancy
Zoning code
Lot size
0.87 Acres
Sold/status
Sold · Date unknown
Sale price
$2950000
CAP
6.89%
Net Operating Income
$203,200
Property description
Franklin Street is pleased to present this newly fully renovated 6,343 SF retail center in Cartersville, Georgia just 40 minutes from downtown Atlanta. The property is occupied by Peachtree Immediate Care and My Eyelab. Peachtree Immediate Care is the leading urgent care network in the Atlanta area and is in partnership with Emory Health Network. The Emory Healthcare Network is a clinically integrated network through which they provide access to coordinated patient- and family-centered care. With 11 hospitals, more than 250 provider locations, and 2,800 physicians in more than 70 specialties, the Network delivers care through a full range of hospitals, clinics and local practices, including more than 120 primary care locations, over 38 Peachtree Immediate Care locations, and 40 MinuteClinics. My Eyelab is a retail brand of Now Optics, a leading full-service retail optical center that is one of the fastest growing in the country with nearly 200 locations. The property is located at Main & Main Cartersville. It sits adjacent to a busy Chick-fil-A location and in front of Main Street Shopping Center with Target, Belk, Publix, Ulta, TJMaxx, among other major retailers. The property is a mile from I-75 which leads into Atlanta.
Property highlights
- Newly redeveloped two-tenant outparcel with Peachtree Immediate Care & My Eyelab
- Both tenants have long-term commitment to the site in the form of long-term leases and tenant invested improvement costs to their spaces
- Excellent visibility from Joe Frank Harris Pkwy: 29,600 VPD
- Peachtree Immediate Care provides COVID-19 testing at many of its locations
- Amazon-proof tenants
- 2% annual rental increases from both tenants
- Strong household income surrounding the property: +$70,000
- Surrounded by national retailers driving traffic to the area: Target, Publix, Kroger, Home Depot, Kohls, Academy Sports, among others