Coro Realty has sold a newly constructed Chick-fil-A in the Buckhead area of Atlanta, underscoring the company’s strategy of maximizing investor returns by acquiring, improving and exiting key parcels in high-demand areas.

The 1.396-acre property at 3234 Peachtree Road NE opened May 15, 2025, with a 5,200-square-foot restaurant backed by a 15-year ground lease. The site sits steps from the intersection of Peachtree and Piedmont roads, which sees more than 80,000 vehicles daily. Buckhead is an affluent neighborhood of Atlanta often referred to as the “Beverly Hills of the South.

The property is a component of Buckhead Place, a 6.57-acre collection of infill retail and structured parking strategically located in the heart of the north Atlanta community. It is home to Marshalls, LA Fitness, Five Below, Salon Studios Beauty Mall, Amalfi Pizza and Red Phone Booth. It is part of a continuously expanding mixed-use project that includes the 155-unit, 20-story Tower on Piedmont apartment community, the 171-room Hyatt Place, the 186-room Hampton Inn and the recently delivered 291-unit, seven-story The Beverly by Alta apartment community with a three-story parking deck.

“Buckhead Place continues to evolve as a core retail and mixed-use hub in Atlanta, and this sale reflects the enduring demand for long-term, credit-backed investments in high-growth markets,” said Robert Fransen, managing partner and president of Coro Realty.

Directly adjacent to Buckhead Place is the redeveloped Buckhead Landing shopping center, anchored by Publix, Golf Galaxy and Binders, along with nearly 60,000 square feet of additional shop tenants.

Within one mile of the property, there are 6.6 million square feet of retail, 16.7 million square feet of office, more than 12,200 multifamily units and nearly 6,000 hotel rooms, creating a substantial built-in customer base. The site is also proximate to major retail destinations including Buckhead Village, Lenox Square and Phipps Plaza.

The transaction was brokered by Chris Bosworth and Matt Karempelis of CBRE.