For Sale
$3,700,000

1260 Upper Hembree RdRoswell, GA 30076

12,432 SF, 5.20% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This Roswell, GA medical office building presents a compelling investment opportunity. The 12,432 square foot Class B property, built in 1990, sits on a 1.18-acre lot and features one building with five units. Currently 50% occupied by three tenants under a triple net (NNN) lease with 3.5 years remaining and 3% annual rent bumps, the property generates a net operating income (NOI) of $195,000, representing a 5.20% capitalization rate. The asking price is $3,700,000. The permitted zoning is OP. 6,216 square feet of space is currently available, previously occupied by a medical practice with existing plumbing. The property enjoys a prime location on Upper Hembree Road in Roswell, Fulton County, Georgia (zip code 30076), offering excellent visibility and accessibility. Ample parking is available. This stabilized investment, ideal for an owner-user, presents a strong cash flow with potential for future growth given the surrounding area's development and the available lease options. The property is well-suited for 1031 exchange buyers.

Highlights

  • $3,700,000 asking price for a stabilized medical office building.
  • 12,432 square feet, Class B, multi-tenant (3 tenants) with 50% occupancy.
  • 5.20% cap rate, generating $195,000 NOI.
  • Located at 1260 Upper Hembree Rd, Roswell, GA 30076, on a 1.18-acre lot.
  • NNN lease type, with 3.5-year lease term and 3% annual rent bumps.
  • Built in 1990, with 5 units in one building.

Property Details for 1260 Upper Hembree Rd

Property type
Office properties, Medical offices
Square Feet
12,432 SF
Class
B
Year Built
1990
Buildings
1
Lot Size (sq. ft)
51,401 SF
Units
5

Location Insight

City
Roswell
County
Fulton
State
Georgia
Latitude
34.067300161228
Longitude
-84.322980140749
1260 Upper Hembree Rd, Roswell, Georgia

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1260 Upper Hembree Rd
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