Peachtree Immediate Care | Less than 5 Minutes to KSU

Peachtree Immediate Care | Less than 5 Minutes to KSU

2481 George Busbee Pkwy
Kennesaw, GA

Price: $1,754,000
Cap: 6.50%
NOI: $114,000
Building Size: 3,800 SF
Lot Size: 0.46 AC

Investment Highlights

PROMINENT ATLANTA RETAIL CORRIDOR | 5.6M SF OF RETAIL
• This Peachtree Immediate Care is positioned on George Busbee Parkway and adjacent to Town Center at Cobb.
• Town Center at Cobb is a high-performing location and ranks in the top 7% of all retail centers in the U.S., supporting over 4M customers annually.
• This Peachtree Immediate Care is located in the heart of Kennesaw’s retail corridor, with 5.6M SF of retail within a 1-mile radius (CoStar).
• Surrounding national tenants include Walmart, Home Depot, Publix, Whole Foods, Target, Hobby Lobby, HomeGoods, and more.

LOCATED AT THE INTERSECTION OF I-75 (150,000 VPD) & I-575 (86,200 VPD)
• This Peachtree Immediate Care is strategically located between two major interstates.
• The subject property is less than half a mile from I-75 and I-575, which have a combined 236,000 VPD.

LESS THAN 5 MINUTES FROM KENNESAW STATE UNIVERSITY (47,845 STUDENTS)
• Located under 5 minutes from Kennesaw State University, Georgia’s second-largest university with over 47,845 students.
• KSU has over 3,000 faculty and staff and continues to see enrollment growth.
• This is the closest Peachtree Immediate Care to campus, offering convenient access for students and staff.
• Kennesaw State University is ranked #7 in the U.S. for campus quality, #9 for campus dining (best in Georgia), and its Executive MBA program is ranked 7th globally by CEO Magazine.

AFFLUENT NORTH ATLANTA SUBURB | 5-MI POP: 181,785 WITH 10.01% GROWTH
• Kennesaw is an affluent, high-growth suburb of Atlanta, located 23 miles northwest of downtown.
• Kennesaw is one of the fastest-growing communities in Georgia, with 181,785 people in a 5-mile radius and 10.01% population growth between 2010–2020.
• This Peachtree Immediate Care is located in an affluent submarket, with average household incomes of $125,121 in a 5-mile radius.

NEWLY EXTENDED 10-YEAR CORPORATE PEACHTREE IMMEDIATE CARE WITH ANNUAL BUMPS
• This Peachtree Immediate Care has a 10-year corporate-guaranteed NN lease with annual rent bumps indexed to CPI, capped at 3%.
• This lease is corporately backed by CRH Healthcare, which operates 98+ locations across Georgia, Florida, and Maryland under three brands: PIC, Patients First, and Patriot Urgent Care.
• This Peachtree Immediate Care has been at this location since 2015 and recently signed a new 10 year lease with a 29% rent increase showcasing their commitment to the location.
• This location is currently undergoing renovations, with over $275K being invested.
• The landlord is responsible for roof, structure, parking lot, HVAC, insurance and landscaping.
• The tenant is responsible for taxes, and utilities.
• The tenant contributes $16,027 in additional income through CAM to pay for landlord expenses.

PEACHTREE IMMEDIATE CARE IS THE LEADING URGENT CARE IN GA | 70+ LOCATIONS
• Peachtree Immediate Care (“PIC”) is the largest urgent care provider in Georgia, with 70+ locations.
• In 2016, Peachtree Immediate Care partnered with Emory, allowing clinics to be part of a clinically integrated network, where all providers— Emory-employed and network-affiliated—adhere to shared quality metrics and cost objectives.
• This location is a top-rated walk-in clinic in Cobb County, consistently praised for outstanding community service. It ranks among the mostreviewed medical clinics in the area, with exceptional ratings and high patient satisfaction.

Don McMinn
Andrew Koriwchak
OFFERING MEMORANDUM

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