For Sale
$771,903

748 Atlanta Hwy Rockmart, GA 30153

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 3,708 square foot medical office building in Rockmart, Georgia, currently leased to Alliance Animal Health, a national veterinary consolidator with over 200 partner practices. The property boasts a strong 8.25% cap rate and a sub-$1 million asking price of $771,903, translating to $208 per square foot. Located at 748 Atlanta Hwy, Rockmart, GA 30153, this single-tenant, net-leased property offers a 10-year lease with 5.7 years remaining and two 5-year renewal options, each with a 1.5% annual rent increase. Built in 1985 and renovated in 2000, the property enjoys 100% occupancy and a substantial net operating income (NOI) of $63,682. Its prime location along State Highway 113 ensures excellent visibility and accessibility. The tenant's commitment to the location, coupled with the robust growth of the veterinary services market, makes this a recession-resistant investment with significant long-term potential. The property's proximity to Atlanta and Chattanooga provides access to major markets and transportation hubs. Alliance Animal Health's comprehensive veterinary services, including wellness, dental care, and boarding, contribute to the property's stable income stream. This is an ideal investment for those seeking a passive income stream with built-in inflation protection and potential for appreciation.

Highlights

  • Stable, long-term NNN lease with over 6 years remaining and two 5-year options to extend, featuring 1.50% annual rent increases.
  • 1.50% annual rent increases hedge against inflation, boosting cash flow and ROI.
  • Minimal landlord responsibilities; ideal for 1031 exchange; $771,000 price point.
  • Recession-resistant veterinary hospital investment.
  • Tenant unlikely to relocate due to patient retention and high relocation costs.
  • ±3,708 SF building on State Highway 113 in Rockmart, offering excellent visibility and accessibility.

Property Details for 748 Atlanta Hwy

Property type
Retail properties, Office properties
Square Feet
3,708 SF
Year Built/Renovated
1985/2000

Location Insight

City
Rockmart
County
Polk
State
Georgia
Latitude
33.9817979
Longitude
-85.0377579

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 748 Atlanta Hwy Rockmart, GA.
What is the asking price?
The asking price for this property is $771,903.
What are key features of this property?
This property features: Stable, long-term NNN lease with over 6 years remaining and two 5-year options to extend, featuring 1.50% annual rent increases.; 1.50% annual rent increases hedge against inflation, boosting cash flow and ROI.; Minimal landlord responsibilities; ideal for 1031 exchange; $771,000 price point.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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748 Atlanta Hwy
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