For Sale
$5,950,000

1325 Satellite BlvdJohns Creek, GA 30024

Suwanee, GA: 10-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 13,280 square foot, two-story medical office building in Suwanee, Georgia. Located within the affluent Gates at Sugarloaf development, this Class B property boasts a 100% occupancy rate with a single, strong tenant—Psychiatric Professionals of Georgia—under a triple-net (NNN) lease extending through 2034. The building, constructed in 2008 and extensively renovated in 2023 ($3,184,448 invested), offers a compelling 6.5% cap rate and a net operating income (NOI) of $385,120. The lease includes 3% annual base rent escalations and potential for future lease extensions of 15 to 20 years. Situated on a 0.16-acre lot with O&I zoning, the property benefits from a prime location with an average household income exceeding $125,000 and a median home value of $318,720 within a two-mile radius. The asking price is $5,950,000. An adjacent building with potential for an additional $4.2 million in leased space is also available. This is a rare opportunity to acquire a stable, high-performing medical office building in a thriving market. All operating expenses are passed through to the tenant.

Highlights

  • ±13,280 SF two-story brick office building.
  • Anchored by Psychiatric Professionals of Georgia.
  • 6.5% cap rate, $385,120 Net Operating Income (NOI).
  • 10-year lease expiring in 2034, with options for 15-20 year renewals.
  • Tenant pays operating expenses (NNN lease).
  • 3% annual base rent escalations.

Property Details for 1325 Satellite Blvd

Property type
Office properties, Medical offices
Square Feet
13,280 SF
Class
B
Year Built/Renovated
2008/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Johns Creek
County
Gwinnett
State
Georgia
Latitude
34.008698204824
Longitude
-84.073458146307
1325 Satellite Blvd, Johns Creek, Georgia

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1325 Satellite Blvd
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