For Sale
Call for price

3225 Westech DrPeachtree Corners, GA 30092

Atlanta Tech Park Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 71,620 sq ft, single-tenant, absolute net lease property in Peachtree Corners, GA, offers a secure investment opportunity. Built in 2000 as a build-to-suit, this 1-story, 100% occupied facility serves as the corporate headquarters and R&D center for a tenant who has occupied the space since 2009 and recently exercised a 10-year lease renewal, expiring March 31, 2033. The lease features annual rent increases tied to the CPI, with a 2% floor and 5% ceiling, providing strong future income growth. The property boasts a 14-foot ceiling height and sits on a 12.06-acre lot zoned M-1 (Light Industrial District). Significant tenant improvements totaling $700,000 have been completed, including a roof replacement, office upgrades, and parking lot improvements. Located within the thriving Atlanta Tech Park, this property benefits from exceptionally low office vacancy rates in a prime location. The current Net Operating Income (NOI) is $939,797. The lease is an absolute NNN lease with no renewal options, allowing for advantageous mark-to-market rent adjustments at lease expiration. The tenant's parent company acts as a guarantor for the lease, providing additional security. This is a rare opportunity to acquire a high-quality, mission-critical asset in a dynamic and sought-after submarket.

Highlights

  • Absolute NNN lease; annual rent increases (CPI, 2% floor, 5% ceiling); no renewal options; significant rent upside at lease expiration.
  • Long-term tenant (since 2009) recently renewed for 10 years.
  • Excellent condition; $700,000 in tenant improvements (roof, office upgrades, parking) completed as part of recent lease extension.
  • Prime location in Atlanta Tech Park, Peachtree Corners; strong mark-to-market potential.
  • Highly desirable submarket with exceptionally low office vacancy rates.

Property Details for 3225 Westech Dr

Property type
Life science properties, Office properties
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
525,334 SF

Location Insight

City
Peachtree Corners
County
Gwinnett
State
Georgia
Latitude
33.9593481
Longitude
-84.2272949
3225 Westech Dr, Peachtree Corners, Georgia

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3225 Westech Dr
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