341 Furniture Dr Cornelia, GA 30531

Property Details for 341 Furniture Dr

Year built

2023

Lot size

0.85 lot acres

Property size

3,500 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, Class A, 3,500 square foot medical office building in Cornelia, Georgia. Currently 100% occupied by Aspen Dental under a triple net (NN) lease with a corporate guarantee, this property boasts a 10-year lease commencing November 20, 2023, and expiring November 30, 2033, leaving over nine years remaining. The lease includes three 5-year renewal options with 10% rental increases every five years, ensuring consistent income growth. The property generates a strong NOI of $145,600, representing a 6.00% cap rate on the $2,427,000 asking price. Situated on a 0.85-acre lot with 30 parking spaces, the building benefits from excellent visibility along U.S. 441 (32,500 vehicles per day) and is located in a dense retail corridor next to a future Northeast Georgia hospital. The property is zoned for general commercial use and features a strong national tenant with a proven track record. This investment offers limited landlord responsibilities and significant upside potential due to the scheduled rent bumps and prime location within a growing market. The property's APN is 083 037. This is a rare opportunity to acquire a high-quality, stable investment with a strong tenant and long-term lease.