Alpharetta, GA - Wellstar at East Village

Description:

SRS’ National Net Lease Group and Investment Properties Group, as exclusive brokers, are National Tenant pleased to offer for sale the Wellstar at East Village – a 7,200± SF single-tenant-net-lease asset with an included developable outparcel pad, extremely well-located in Alpharetta, Georgia.

Recent Expansion & 10-Yr Lease Extension | Corporate Guarantee: Having just expanded to accommodate its pediatric medicine practice, Wellstar boasts a long-term lease through 2033, bolstered by annual rent escalations, an extremely advantageous structure for an incoming buyer seeking a passive ownership scenario.

Rapidly Growing North Atlanta Location: Wellstar is situated in Alpharetta, one of the most affluent and fastest growing communities in all of Atlanta; with convenient proximity to Buckhead and Midtown Atlanta, via GA-400.

Averly East Village | Major Mixed-Use Redevelopment: Wellstar benefits from an advantageous position at the front of the future East Village mixed-use redevelopment, set to include 335 new apartments and 75 new townhomes, a highly advantageous on-site consumer base for Wellstar.

High Profile, Heavily Trafficked Position: Situated fronting Holcomb Bridge Rd (GA-140), one of North Atlanta’s busiest traffic corridors with 44,500 VPD

Tremendous Alpharetta Demographics: Surrounded by residential communities on all sides, the Property benefits from excellent demographics, which include a growing population of 215,145 people within a 5-mile radius and an Avg. HH Income of $152,144 within three miles.