1940 Moores Ml NW Rd Atlanta, GA 30318-1310

Property Details for 1940 Moores Ml NW Rd

Year built

1965

Construction

WOOD

Lot size

0.43 lot acres

Property size

5,098 SF

Zone code

C1

Property type

Specialty properties

APN

17 023000070090

APU

17023000070090

Description

This exceptional investment opportunity presents a 5,125-square-foot Class A medical office building in Atlanta, Georgia, fully occupied by The Village Vets under a Net Lease agreement. The property, situated on a 0.43-acre lot at 1940 Moores Mill Rd NW, Atlanta, GA 30318, boasts a strong 6.75% cap rate and a substantial Net Operating Income (NOI) of $196,132. Built in 1965 and extensively renovated in 2019, the single-story building benefits from a 10-year lease (commencing November 10, 2019, and expiring November 21, 2029), with five years remaining. The lease includes a corporate guarantee and features attractive 3% annual rent increases, plus amortized tenant improvements. Two five-year lease options at fair market value further enhance the long-term investment potential. The tenant, The Village Vets, a significant operator with over 300 veterinary locations nationwide, has demonstrated a strong commitment by investing over $850,000 in property improvements. The property's location within a robust demographic area, with 69,995 residents within a three-mile radius earning an average of $168,000 annually, ensures consistent occupancy and rental income. The asking price is $2,905,664. This NNN lease minimizes landlord responsibilities, limiting them to roof and structure maintenance, providing a low-maintenance, high-return investment. The below-market rent offers significant upside potential upon lease expiration.

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Longitude

-84.4495

Latitude

33.822

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments