For Sale
$4,280,000

1388 Wellbrook CirConyers, GA 30012

Two 100% occupied medical buildings.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of two Class B medical office buildings totaling 16,280 square feet, situated on a 39,247 square foot lot in Conyers, Georgia (30012). Currently 100% occupied by two tenants under a triple net (NNN) lease structure, the portfolio boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $342,255. Built in 1994, these single-story buildings feature 60 parking spaces and are zoned OI. The primary tenant, operating a busy pain management clinic including surgical suites, has a 10-year lease renewal commencing November 1, 2024. A secondary tenant occupies approximately 19% of one building and has a lease with 2.5 years remaining. The properties are strategically located near Piedmont Rockdale and Piedmont Newton hospital campuses, benefiting from high visibility and convenient access. This portfolio offers a compelling investment opportunity with stable income and significant growth potential in a thriving medical market. The asking price is $4,280,000.

Highlights

  • Two medical office buildings totaling ±16,289 SF with 10-year lease renewals starting November 1, 2024, except for a ±3,110 SF space with 2.5 years remaining.
  • Two adjacent medical office buildings, ±9,789 SF and ±6,500 SF, located near Piedmont Hospital campuses.
  • Major tenant with 21+ locations throughout the Metro Atlanta area demonstrating strong growth.

Property Details for 1388 Wellbrook Cir

Property type
Office properties, Medical offices
Square Feet
16,280 SF
Class
B
Year Built
1994
Buildings
2
Stories
1

Location Insight

City
Conyers
County
Rockdale
State
Georgia
Latitude
33.6787059
Longitude
-84.0022408
1388 Wellbrook Cir, Conyers, Georgia

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1388 Wellbrook Cir
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