Strong Single Tenant NNN Medical Investment | 6% Cap Rate | Prime Metro Atlanta Infill Location
2774 N Decatur Road
Decatur, GA 30033
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| PRICE : | $2,800,000 |
|---|---|
| PROPERTY TYPE: | Office |
| SITE SIZE: | 0.88 Acres |
| BUILDING SIZE: | 9,800 SF |
| YEAR BUILT: | 1969 |
Highlights
- • Strong medical tenant with multiple locations across the country
- • Across from Emory Decatur Hospital (DeKalb Medical Center)
- • Excellent visibility and signage
- • Ideal 1031 exchange
- • Proven operator with 22 years history in this location
- • Excellent financials with an estimated 6% cap rate
- • Flagship location for American Health Imaging
- • Barriers to entry for tenant (Certificate of Need State) and costly for tenant to move. Limited location options.
- • NNN Medical Lease= recession resistant tenant
- • Highly sought-after N Decatur location surrounded by new developments (Marriott International site next door, Whole Foods, Tesla Dealership, etc.)
Description
Rare opportunity to purchase this recession-resistant, long-term leased, medical investment property in an excellent infill Atlanta location, across from Emory Decatur Hospital with high barriers to entry in the immediate area. The current tenant, a strong, successful imaging business with multiple locations throughout the country, has been operating in this location since 1998 and just executed a new 7-year renewal. Current net lease structure allows for ease of ownership with Landlord responsible for roof and structure only.
*Parking lot is in process of being resurfaced and expanded.
