Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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