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Property profile & analytics
OFF-MARKET Estimated value $3,000,000
Medical Office Space

2399 Wall SE St Conyers, GA 30013-2187

6,300 SF 1.83 ac lot Built 2022
Individually Owned 1-yr Hold Free & Clear
Property ID
US22-2871117
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a 6,370-square-foot, single-tenant medical office building located at 2399 Wall St SE, Conyers, Georgia 30013. The property, built in 2022 on a 1.83-acre lot, is a net-zero energy clinic, a testament to its energy-efficient design and the inclusion of solar panels. Leased to DaVita, Inc., a leading operator in the kidney care industry, under a 15.1-year Net Lease (NN) with a corporate guarantee, the lease commenced June 8, 2022, and expires June 30, 2037, leaving a substantial 12.6 years remaining. The lease includes 10% rent bumps every five years and options for three, five-year extensions. The asking price is $3,195,529, representing a 6.05% cap rate and a price per square foot of $501.65. The property boasts a strong NOI of $193,330 and 100% occupancy. Strategically located near the intersection of Interstate 20 (130,000 vehicles per day) and North Salem Road, close to Highway 138 Southeast (53,000 vehicles per day), the clinic benefits from a robust demographic profile, with approximately 99,000 people within a five-mile radius and an average household income exceeding $85,000 annually. This investment offers significant long-term passive income potential, shielded from macroeconomic fluctuations due to the strong tenant, long-term lease, and built-in rent growth. The property represents a rare opportunity to acquire a state-of-the-art, net-zero energy medical facility in a high-growth area.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2022
Construction STEEL FRAME
Total area 6,300 SF
Lot 1.83 ac (79,715 SF)
Zoning code OI
APN 077-0-01-0012
UPID US22-2871117
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DaVita Covington Mills Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.00M
Owner & transaction history
Mcp Stable 2399 Wall Street Se Cony · 1 yrs held
Mcp Stable 2399 Wall Street Se Cony
since 2024
Last sale
$3.0M
7 recorded transactions
2024
$3.0M
2021
$325,000
2021
Price N/A
2021
Price N/A
2020
Price N/A
2019
$73,200
2018
$61,000
Zoning & alternative use
OI · Conyers, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Conyers GIS Main Page
Top alternative use upside
Restaurant $3.6M +211.9%
Commercial (general) $2.0M +73.8%
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