July 12, 2022 – Luke Thomson, Justin Spillane and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of Peachtree Immediate Care in Covington, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,218,128.
Peachtree Immediate Care is located at 13093 Brown Bridge Road in Covington, Georgia. The property is comprised of a 4,826 square foot single-tenant building on 1.49 acres of land. The property is tenanted by Peachtree Immediate Care, which is a subsidiary of the Emory Healthcare Network, the number 1 healthcare system in Georgia. Peachtree Immediate Care has 7+ years remaining on their Double-Net (NN) lease with two (2), 5-year renewal options. The lease calls for attractive 2% annual increases throughout the base term and renewal options. The Property is well positioned along Brown Bridge Road and sits as an outparcel to a Publix Supermarket and across the street from a Walmart Super Center. National tenants such as Walgreens, CVS, Circle K, McDonald’s, Chick-fil-A, and Wendy’s surround this location, providing extensive exposure, and driving traffic to the area. The Property sees more than 22,000 vehicles per day.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.