Remodeled Assisted Living
For Sale
$794,000
340 Lockheed Ave SE, Marietta, GA 30060
Furnished, fully occupied facility with gated access, resident amenities, and upgraded operational improvements.
Property Size3,744 SF
Price / SF$212.07
Days on Market52
Property Features for 340 Lockheed Ave SE
General Information
Standard status
Active
Size
3,744 SF
Building Details
Year Built
1970
Listing Agency:
Zellerman
Listed By:
JASON E FOX
Source:
Brockteam
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 7 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zellerman
Investment Insights
Based on property information with market context.
Located at 340 Lockheed Ave SE in Marietta, GA 30060, this 3,744-square-foot assisted living facility was built in 1970 and has been extensively remodeled. The 13-bedroom layout includes resident rooms, a recreation area, a commercial-grade kitchen, ADA-compliant bathrooms, and an on-site manager’s office. Fire sprinklers, perimeter fencing, gated entry, on-site parking, and maintained green space are also in place.
The facility is fully furnished and currently 100% occupied. An established tenant operates under a long-term lease with approximately 10% annual rent escalations, and the property includes zoning compliance, licenses, and permits. Interior access is limited to the inspection and due diligence period, with escorted tours required because the facility remains operational and secure.
The facility is fully furnished and currently 100% occupied. An established tenant operates under a long-term lease with approximately 10% annual rent escalations, and the property includes zoning compliance, licenses, and permits. Interior access is limited to the inspection and due diligence period, with escorted tours required because the facility remains operational and secure.
Key Highlights
- 13‑bedroom assisted living facility measuring 3,744 SF
- 100% occupied with an established tenant and waiting list
- Long‑term lease includes approximately 10% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,297
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,940
$1.0M
Cap Rate 7%
$718,529
$718.5K
Cap Rate 9%
$558,856
$558.9K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$97.5K $26.04/SF
− Vacancy
−$6.0K −$1.61/SF
EGI
$91.4K $24.43/SF
− OpEx
−$41.2K −$10.99/SF
NOI
$50.3K $13.43/SF
Area
Cobb County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,940
Cap Rate 7%
$718,529
Cap Rate 9%
$558,856
Alternative Uses
Best Use
Apartment 5plus
$718.5K
$628.7K – $838.3K
NOI $50,297 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.9K – $1.23M
NOI $73,592 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30060, GA
39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Furnished, fully occupied facility with gated access, resident amenities, and upgraded operational improvements.
Where is this assisted living facility located?
The property is located at 340 Lockheed Ave SE Marietta, GA.
What is the asking price?
The asking price for this property is $794,000.
What are key features of this property?
This property features: 13‑bedroom assisted living facility measuring 3,744 SF; 100% occupied with an established tenant and waiting list; Long‑term lease includes approximately 10% annual rent escalations
