2399 Wall SE St Conyers, GA 30013-2187

Property Details for 2399 Wall SE St

Year built

2022

Construction

STEEL FRAME

Lot size

1.83 lot acres

Property size

6,300 SF

Zone code

OI

Property type

Medical offices

Property subtype

Medical centers

APN

077-0-01-0012

APU

770010012

Description

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.

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Longitude

-83.9799

Latitude

33.626

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments