| Purchase Price | $30,200,000 |
|---|---|
| Annual Rental Income | $1,877,500 |
| Cap Rate | 6.22% |
| Lease Term | 20 Years |
| City | Alpharetta |
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Home Depot – Alpharetta, Georgia (Atlanta MSA – North Fulton County)
The Home Depot located in Alpharetta, Georgia, within the high-growth northern arc of the Atlanta metropolitan area, represents a premier opportunity to acquire a long-term, net-leased investment backed by an investment-grade tenant in one of the Southeast’s most affluent and expanding suburban markets. Situated in a highly trafficked commercial corridor, this full-format Home Depot store serves both residential and professional customers in a strategic trade area with strong household incomes, population growth, and ongoing residential development.
This asset is part of Home Depot’s broader omnichannel strategy and functions not only as a retail hub, but also as a vital logistics and fulfillment center supporting regional construction professionals, DIY homeowners, and e-commerce pickup customers. With a corporate-guaranteed lease, minimal landlord obligations, and exposure to one of the most resilient retail tenants in the United States, this offering combines cash flow certainty with long-term appreciation potential.
The property benefits from high visibility, exceptional access, strong co-tenancy, and demographic support that make it a core location within Home Depot’s Southeast footprint. With triple-net lease terms and a history of corporate reinvestment into the store’s operational capabilities, this location aligns with the core acquisition criteria of institutional net lease investors, family offices, REITs, and 1031 exchange buyers alike.
Tenant Overview – The Home Depot Inc.
The Home Depot Inc. (NYSE: HD) is the world’s largest home improvement retailer, operating over 2,300 stores across North America. The company serves a broad mix of do-it-yourself homeowners, commercial contractors, and institutional customers with a deep assortment of building materials, tools, appliances, lawn and garden supplies, paint, lighting, and home décor items.
Founded in 1978 and headquartered in Atlanta, Home Depot has grown to become one of the most successful and creditworthy companies in the Fortune 500, consistently demonstrating robust financial performance and sector-leading operational execution. With a strategic emphasis on logistics, digital innovation, and customer experience, Home Depot has maintained dominant market share in the home improvement category.
Financial and operational highlights include:
The Home Depot brand is synonymous with reliability, quality, and scale. The company’s emphasis on customer loyalty and professional services ensures repeat foot traffic and high sales volumes at core locations such as Alpharetta.
Lease Overview – Net Lease Structure
The property is leased to The Home Depot Inc. under a long-term triple-net (NNN) lease structure. The tenant is responsible for all property-related expenses including real estate taxes, insurance, repairs, and maintenance, ensuring minimal landlord obligations and steady income.
Key lease attributes may include:
This lease structure supports fully passive income streams and is particularly attractive to private capital investors, legacy estate managers, and institutions allocating capital to low-volatility income-producing real estate.
Market Overview – Atlanta MSA
The Atlanta metropolitan statistical area is one of the largest and most economically diverse markets in the United States, with a population exceeding 6.2 million residents. The metro is home to major Fortune 500 companies, world-class universities, the busiest airport in the world (Hartsfield-Jackson), and a vibrant technology and healthcare economy.
The Atlanta market benefits from ongoing population growth, business relocation trends, and infrastructure investment, driving consistent demand for both housing and retail services. Atlanta ranks among the top metros in the U.S. for homebuilding permits, net in-migration, and employment growth, supporting demand for home improvement products and contractor services.
Atlanta MSA highlights:
Atlanta’s housing market is one of the most active in the U.S., supported by suburban expansion and affordability. This creates strong underlying demand for building materials, contractor services, and DIY products offered by Home Depot.
Submarket Overview – Alpharetta, Georgia
Alpharetta is located in North Fulton County, approximately 25 miles north of downtown Atlanta. It is one of the region’s most desirable and affluent suburbs, characterized by excellent schools, high household incomes, and a vibrant economy supported by technology, healthcare, and professional services.
Alpharetta has developed into a regional employment hub with over 700 tech companies, a thriving downtown area, and strong access to surrounding communities like Milton, Roswell, Johns Creek, and Cumming. The city combines suburban charm with urban convenience, supporting consistent retail demand.
Demographic and economic attributes within a 5-mile radius of the property include:
The Home Depot in Alpharetta benefits from steady demand from homeowners, property managers, and contractors, given the high volume of custom homes, renovations, and high-value property maintenance in the area.
Property Overview – Store Format and Features
This location is a full-size, freestanding Home Depot store operating under the company’s modern prototype layout, designed to efficiently serve both retail and professional customer segments. It supports Home Depot’s omnichannel strategy with in-store sales, mobile order pickup, tool rentals, and contractor logistics.
Typical features of the store format include:
The store’s layout supports high sales velocity across multiple departments and accommodates both impulse purchases and large-scale construction orders.
Strategic Role – Omnichannel Distribution and Professional Services
Home Depot’s national strategy increasingly relies on its physical stores to function as hybrid retail-and-logistics centers. The Alpharetta location plays a strategic role in fulfilling this mission by:
The store is integrated with Home Depot’s broader supply chain, which includes regional distribution centers, flatbed delivery terminals, and third-party logistics partnerships. These capabilities make locations like Alpharetta indispensable to the company’s growth in high-income, high-construction suburban zones.
Investment Highlights
Conclusion
The Home Depot in Alpharetta, Georgia is a mission-critical, triple-net leased asset situated in one of the most attractive and fastest-growing suburbs of the Atlanta metro area. With a corporate-backed lease, passive ownership structure, and long-standing operational performance, this property offers investors a rare combination of stability, cash flow, and strategic market positioning.
As residential and commercial activity continues to flourish across North Fulton County, this Home Depot store remains a vital anchor within the company’s Southeast network and a best-in-class holding for real estate investors prioritizing tenant credit, location quality, and long-term income durability.