For Sale
$5,708,747

1022 Maple St Carrollton, GA 30117

High-yield NNN medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple, 7,613 square foot medical office building located at 1022 and 1024 Maple St, Carrollton, GA 30117. The property sits on a 1.04-acre lot and is currently occupied by Parachute Plasma under a 20-year triple-net (NNN) lease, providing significant long-term stability and passive income. The lease commenced upon closing and features a strong corporate guarantee, eliminating landlord responsibilities. The annual net operating income (NOI) is $428,156, resulting in a compelling 7.50% cap rate. The asking price is $5,708,747, translating to a price per square foot of $749.87. Built in 2024, this modern facility benefits from built-in rental increases of 2.00% annually, starting in year six, and includes four and five-year renewal options. The property's strategic location, less than a mile from Tanner Medical Center Carrollton (a large medical facility with over 201 beds and over 3,000 employees), further enhances its value and long-term prospects. This is a rare opportunity to acquire a high-quality, net-leased medical office building with exceptional financial performance and significant upside potential.

Highlights

  • 7,613 SF medical office building on a 1.04-acre lot in Carrollton, GA.
  • 20-year triple-net (NNN) lease with Parachute Plasma, commencing at closing, with no landlord responsibilities and a corporate guarantee.
  • $428,156 annual NOI, 7.50% cap rate, $5,708,747 asking price ($749.87/SF).
  • 2% annual rent increases starting year six, with four and five-year renewal options.
  • Excellent location less than one mile from Tanner Medical Center Carrollton (201+ beds, 3,000+ employees).

Property Details for 1022 Maple St

Property type
Office properties, Medical offices
Square Feet
7,613 SF
Year Built
2024
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Carrollton
County
Carroll
State
Georgia
Latitude
33.572484
Longitude
-85.0887658

FAQs

What type of property is this?
Office property - High-yield NNN medical office, strong tenant.
Where is the office property located?
The property is located at 1022 Maple St Carrollton, GA.
What is the asking price?
The asking price for this property is $5,708,747.
What are key features of this property?
This property features: 7,613 SF medical office building on a 1.04-acre lot in Carrollton, GA.; 20-year triple-net (NNN) lease with Parachute Plasma, commencing at closing, with no landlord responsibilities and a corporate guarantee.; $428,156 annual NOI, 7.50% cap rate, $5,708,747 asking price ($749.87/SF).
How can I contact the broker?
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1022 Maple St
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