For Sale
$2,427,000

341 Furniture DrCornelia, GA 30531

Georgia medical office building, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, Class A, 3,500 square foot medical office building in Cornelia, Georgia. Currently 100% occupied by Aspen Dental under a triple net (NN) lease with a corporate guarantee, this property boasts a 10-year lease commencing November 20, 2023, and expiring November 30, 2033, leaving over nine years remaining. The lease includes three 5-year renewal options with 10% rental increases every five years, ensuring consistent income growth. The property generates a strong NOI of $145,600, representing a 6.00% cap rate on the $2,427,000 asking price. Situated on a 0.85-acre lot with 30 parking spaces, the building benefits from excellent visibility along U.S. 441 (32,500 vehicles per day) and is located in a dense retail corridor next to a future Northeast Georgia hospital. The property is zoned for general commercial use and features a strong national tenant with a proven track record. This investment offers limited landlord responsibilities and significant upside potential due to the scheduled rent bumps and prime location within a growing market. The property's APN is 083 037. This is a rare opportunity to acquire a high-quality, stable investment with a strong tenant and long-term lease.

Highlights

  • Over 9 years remaining on a triple-net (NNN) lease with Aspen Dental; scheduled 10% rent increases every five years.
  • Fee simple ownership with limited landlord responsibilities; triple-net (NNN) lease.
  • Strong national credit tenant (Aspen Dental) in a dense retail corridor adjacent to a future hospital.
  • High visibility location on US 441 (32,500 VPD).
  • Strong demographics within a 5-mile radius.

Property Details for 341 Furniture Dr

Property type
Office properties, Medical offices
Square Feet
3,500 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
37,026 SF

Location Insight

City
Cornelia
County
Habersham
State
Georgia
Latitude
34.537373
Longitude
-83.535642
341 Furniture Dr, Cornelia, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
341 Furniture Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message