5705 Atlanta Hwy Alpharetta, GA 30004-3943

This exceptional investment opportunity presents a 2,800 square foot medical office building in Alpharetta, Georgia, boasting a fee-simple ownership structure. The property, built in 1997 and renovated in 2022, sits on a 0.96-acre pie-shaped lot at a signalized intersection of Highway 9 and Grassland Parkway, offering excellent visibility. Currently 100% occupied by WellStar Primary Care under a corporate-guaranteed, Net Lease agreement, the property features a 7-year remaining lease term (commencing May 22, 2022, and expiring May 31, 2032), with two 5-year options. The lease includes annual rent bumps of 2% throughout the base term and option periods, generating a substantial net operating income (NOI) of $108,824. The property benefits from a strong location within the affluent Alpharetta MSA, minutes from Halcyon, a major mixed-use development, and near significant roadways with high daily traffic volume. The surrounding area boasts a robust daytime population and a high concentration of businesses, creating a desirable market for healthcare services. This investment offers a compelling 5.00% cap rate and a price per square foot of $792.87, representing a strong return on investment. The property's strategic location, strong tenant, and favorable lease terms make it an attractive addition to any portfolio. The building is a single-story structure with a highly visible location, providing excellent access and ample parking. The tenant, WellStar Health System, Inc., is the largest and most integrated healthcare system in Georgia, ensuring financial stability and long-term lease security.