For Sale
$3,590,000

3420 Ga-155McDonough, GA 30252

High-growth Atlanta area; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 4,260 square foot, single-tenant net lease property located at 3420 GA-155 N in McDonough, Georgia, 30252. The property, built in 2023, sits on 1.2 acres and is currently 100% occupied by Heartland Dental, the largest dental support organization in the U.S., with over 1,700 locations. The tenant enjoys a prime outparcel location within a thriving Publix-anchored shopping center (66,387 sq ft), which opened in 2022 and ranks in the top 83% nationally. Additional outparcels include Wendy's, Tidal Wave Auto Spa, UPS, and multiple restaurants. The center benefits from high traffic volume at the signalized intersection of Highway 155 and Kelley Town Road (25,000 vehicles daily). A new 72-unit senior housing project is under development nearby. McDonough is a rapidly growing, affluent Atlanta suburb, boasting a 5-mile population of 81,430 (21%+ growth) and an average household income exceeding $100,437. The property features a 10-year NNN corporate guaranteed lease commencing December 1, 2023, and expiring December 1, 2033, with 9.5 years remaining. The lease includes 10% rent increases every five years. Landlord responsibilities are limited to roof replacement and structure; the tenant is responsible for all other expenses, including taxes, insurance, and utilities. The asking price is $3,590,000, representing a 5.85% cap rate and a price per square foot of $842.72. This presents a compelling investment opportunity in a high-growth market with a strong, creditworthy tenant and significant upside potential. The property's NOI is $210,000.

Highlights

  • $3,590,000 asking price for a 4,260 SF retail property in McDonough, GA.
  • Net-leased to Heartland Dental, the largest dental support organization in the U.S., with a 9.5-year remaining lease term.
  • Located in a high-growth Atlanta suburb with strong demographics: 5-mile population of 81,430, average household income of $100,437.
  • Property is an outparcel to a top-performing Publix-anchored shopping center.
  • 10-year NNN lease with 10% rent increases every 5 years; landlord responsible for roof replacement and structure only.

Property Details for 3420 Ga-155

Property type
Retail properties, Medical space
Square Feet
4,260 SF
Year Built
2023
Lot Size (sq. ft)
52,272 SF
Units
1

Location Insight

City
McDonough
County
Henry
State
Georgia
Latitude
33.5470002
Longitude
-84.1370366
3420 Ga-155, McDonough, Georgia

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3420 Ga-155
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