ATLANTA—A single-tenant net leased CVS in the Atlanta suburb of Decatur, GA has traded hands. The sale price: $3.6 million.
Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, an East Coast based real estate institution, in the deal. The purchaser was a high net worth family trust.
"The market for well-located net lease properties in top MSAs remains active as these assets are in high demand amongst private investors" says Blankstein, president of Boulder. The net leased asset sits at 4037 Glenwood Road, with over 242,000 people living within a five-mile radius earning average annual household incomes of approximately $60,000.
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