For Sale: NNN Single Tenant Surgery Center Investment Opportunity – Emory Aesthetic Center at Paces – CBRE Inc.

The Offering

CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Emory Aesthetic Center at Paces, a 23,869 square-foot surgery center condominium leased by Emory Healthcare. The property is situated within the Palisades at West Paces medical office tower and is strategically located in the affluent Buckhead submarket, approximately 10 minutes north of downtown Atlanta, Georgia. The Emory Clinic, a subsidiary of Emory Healthcare, currently leases 100% of the condominium for its recently acquired aesthetic plastic surgery center. The single-tenant NNN lease has a ten-year term with annual escalations that expires in 2023, providing an investor a long-term and stable investment in a thriving surgical practice.

Built in 1991, the Palisades at West Paces is strategically located between Buckhead and the Cumberland/Galleria submarkets with excellent access to Northside Parkway and Howell Mill Road near the Interstate-75 exit ramps. The seven-story medical office condominium tower is home to many private practice physicians who cater to the affluent surrounding patient population, including Atlanta Sports Medicine & Orthopaedic Center, Buckhead Imaging, Peachtree Urology, The Independent Neurodiagnostic Clinic, and Peachtree Neurological Clinic. Palisades at West Paces is approximately 228,000 square feet total with full time on-site management, 24 hour concierge service, and conference facilities available for its owners and tenants. On-site parking accommodates up to 684 spaces for tenants and patients.


Investment Highlights

  • Investment Grade Credit Tenant
  • Stable Cash Flow with Long-term Stability
  • Strategic Location
  • Heavy CON Protections in Georgia
  • Appealing Aging Trends
  • Recession Resistant Property Category
  • Delivered Free and Clear of Any Debt


Offering Information

Offering Price: $6,887,000

Price Per SF: $289

In Place NOI:  $550,941

In Place Cap Rate: 8.00%

Condo Size:  23,869 SF

Occupancy:  100%

Year Built: 1991


CBRE Investment Contacts

Charles Beard

Private Capital Group



Lee Asher

Healthcare Capital Markets



Chris Bodnar

Healthcare Capital Markets



More Information



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