195 Parkwood Cir Carrollton, GA 30117-8756
- Medical offices
- 7,974 SF
- 1.48 lot acres
Current Use by Public Records
- DaVita North Carrollton Dialysis / Dialysis Center / Local Medical Services
- DaVita North Carrollton At Home / Dialysis Center / Local Medical Services
- SouthEast Kidney Associates / Medical Clinic / Nephrologist
- Dr. Charles Hunter / Practitioner Service Location / Internist
- Dr. Vishal Ratkalkar / Nephrologist / Internist
Property Details for 195 Parkwood Cir
- Year built
- 1990
- Construction
- STEEL FRAME
- Lot size
- 1.48 lot acres
- Property size
- 7,974 SF
- Zone code
- C
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 089- -0567
- APU
- 890567
Description
This exceptional investment opportunity presents a single-tenant, Class A medical office building totaling 8,219 square feet, situated on a 1.48-acre lot in Carrollton, Georgia. The property is 100% occupied by DaVita, a leading kidney care provider with a substantial national presence, under a Net Net (NN) lease structure. The current lease, with a corporate guarantee, commenced October 1, 2010, and has a remaining term of approximately 4.2 years, extending to January 14, 2029. DaVita recently exercised an early five-year renewal option, demonstrating strong tenant commitment. The lease includes three additional five-year renewal options with built-in rent escalations. The asking price is $1,725,900, representing a compelling cap rate of 7.00% and a price per square foot of $209.99. The property boasts a strong net operating income (NOI) of $120,819. Built in 1990, this single-story building features 12 dialysis stations and benefits from its location near Tanner Medical Center and Higgins General Hospital, ensuring high visibility and patient access. The property's strategic location also provides convenient access to numerous retail amenities, including Circle K, Shell, Subway, Jack's, McDonald's, and Dollar General. The land value alone is $245.16 per square foot. This presents a low-maintenance, high-return investment with a secure, long-term tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $980,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,125,000
- 6.5%
- $965,000
- 7%
- $975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,065,000
- Geo Method
- $995,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $995,000
- Retail
- $880,000
- Mixed-Use
- $995,000
- Hospitality
- $920,000
- Educational
- $985,000
- Residential Income
- $1,100,000
- Energy
- $1,105,000
- Income-Based Land
- $1,135,000
- Food Service
- $900,000
Location Insight
- Map
- Local Demand
- City
- Carrollton
- County
- Carroll
- State
- Georgia
- Longitude
- -85.0857
- Latitude
- 33.6167
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
