ATLANTA—Triple-net deals across the Southeast continue to demonstrate that conservative buyers are willing to pay aggressively for premium tenants with short supply and low interest rates—and that attractive financing is available. The latest triple net deal to trade in Atlanta is a 14,820-square-foot Walgreens.
The $4.8 million sale price presents $327.13 per square foot. The 30-year corporate triple-net lease has 23 years remaining.
“We continue to see compression in CAP rates for properties leased to investment grade tenants,” Mac McCall, managing director of Franklin Street, tells GlobeSt.com. “
“This was a seven-year old Walgreens that hit top of the market pricing.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
