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Former Walgreens 25 Peachtree St NW
4,650 - 25,226 SF of Retail Space Available in Atlanta, GA 30303
Sublease Highlights
- Adjacent to Woodruff Park, a 6-acre park
- Near Mercedes-Benz Stadium & State Farm Arena
- 1 block from Five Points MARTA station, which has nearly 60K daily commuters
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 4,650 SF | Jun 2036 | $18.07 CAD/SF/YR $1.51 CAD/SF/MO $194.53 CAD/m²/YR $16.21 CAD/m²/MO $7,003 CAD/MO $84,035 CAD/YR | Modified Gross | ||
| 1st Floor | 10,600 SF | Jun 2036 | $18.07 CAD/SF/YR $1.51 CAD/SF/MO $194.53 CAD/m²/YR $16.21 CAD/m²/MO $15,964 CAD/MO $191,564 CAD/YR | Modified Gross | ||
| 2nd Floor | 9,976 SF | Jun 2036 | $18.07 CAD/SF/YR $1.51 CAD/SF/MO $194.53 CAD/m²/YR $16.21 CAD/m²/MO $15,024 CAD/MO $180,287 CAD/YR | Modified Gross |
Basement
Center of Five Points, the historic city of Downtown Atlanta. Adjacent to Georgia State University, Georgia’s largest university with an enrollment of more than 50,000.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 25,226 SF of adjacent space
- Central Air Conditioning
1st Floor
Center of Five Points, the historic city of Downtown Atlanta. Adjacent to Georgia State University, Georgia’s largest university with an enrollment of more than 50,000.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 25,226 SF of adjacent space
- Central Air Conditioning
2nd Floor
Center of Five Points, the historic city of Downtown Atlanta. Adjacent to Georgia State University, Georgia’s largest university with an enrollment of more than 50,000.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 25,226 SF of adjacent space
- Central Air Conditioning
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 25 Peachtree St NW , Atlanta, GA 30303
| Property Type | Retail | Gross Leasable Area | 25,226 SF |
| Property Subtype | Drug Store | Year Built/Renovated | 1932/2016 |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 25,226 SF |
| Year Built/Renovated | 1932/2016 |
About the Property
PROPERTY OVERVIEW Rent. $255,000/yr, modified gross Master Lease Expiration. 6/30/36 Size. ~ 25,226 SF (1st Floor ~ 10,600 SF; 2nd Floor ~ 9,976 SF; Basement ~ 4,650 SF) Building. Walgreens flagship in historic Olympia Building, a landmark and center of Five Points. Renovated. Building fully renovated in 2016 Building Vertical Transportation. Stairs, elevator, escalators and conveyor belt system Zoning. SPI-1 (Downtown Special Public Interest) – Info Opportunity Zone Location. Businesses may qualify for up to $3,550 in tax credits / job - Tax Credit Info Access. Entry on Edgewood Ave Signage. Building Restricted Uses. Pharmacy LOCATION OVERVIEW Center of Five Points, the historic city of Downtown Atlanta Adjacent to Georgia State University, Georgia’s largest university with an enrollment ~ 50,000. Adjacent to Woodruff Park, a 6-acre park, which has more than than 5 million annual visits. Transportation 1 block from Five Points MARTA station, which has nearly 60K daily commuters 1 block from Park Place Street-Car station Close to both I-85 & I-20 Surrounded by landmark attractions SUBLEASE TERMS SUGGESTED RENT $255,000/yr.(inclusive of RET; R&M, insurance, utilities separate) TERM 6/30/36 DELIVERY “As-Is” OFFERS EVALUATED AS RECEIVED *Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee
Nearby Major Retailers
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Power Broker Mark Hollenbeck -
Retail Net Real Estate, LLC
Presented by
Former Walgreens | 25 Peachtree St NW
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