6460 Spalding Dr Peachtree Corners, GA 30092-1807

This exceptional investment opportunity presents a fully occupied, two-story medical office building totaling 10,614 square feet, situated on a 1.83-acre lot in the thriving Peachtree Corners submarket of Norcross, Georgia. The property, located at 6460 Spalding Drive, boasts a desirable C2 (General Business) Gwinnett zoning designation and features 96 parking spaces. Built in 1986 and extensively renovated in 2020, the building showcases Class A interior finishes throughout. The $3,950,000 asking price reflects a compelling $192.40 per square foot and a 7.20% cap rate. Significant recent capital improvements exceeding $1.2 million include new roofs with a 15-year warranty, updated HVAC units, and a reinforced retaining wall. The property benefits from strong regional medical tenants, including Northside Hospital, contributing to below-market rents and annual escalations that offer inflation protection. Tenants have also participated significantly in the build-out of their respective suites. The property enjoys high visibility from Spalding Drive (approximately 26,000 vehicles per day) due to prominent monument signage. Located within the Peachtree Corners Holcomb Bridge Corridor Urban Redevelopment area, this asset benefits from significant infrastructure improvements and the absence of city property taxes for commercial properties. The surrounding area is experiencing robust growth, with new amenities such as assisted living facilities and a Publix-anchored shopping center adding to the property's appeal. The property's location provides easy access to a population of approximately 213,000 within a 5-mile radius, boasting an average household income of approximately $146,000. This combination of strong tenancy, recent renovations, and a prime location makes this a truly exceptional investment opportunity. The property's APN is 6-313-171.