6450 Spalding DrPeachtree Corners, GA 30092

Property Details for 6450 Spalding Dr

Year built

1990

Lot size

1.83 AC

Property size (Sq ft)

10,204 SF

Property type

Office properties

Property subtype

Medical offices

Description

Spalding Plaza, a Class B, two-story medical office building, presents a compelling net lease investment opportunity. Located at 6450 Spalding Drive, Norcross, GA 30092, this 10,204 square foot property sits on a 1.83-acre lot and boasts 96 parking spaces. Currently 100% occupied, generating a Net Operating Income (NOI) of $283,895 and a 7.20% cap rate, the asking price is $3,950,000. Built in 1990, the property features a C2 (General Business) Gwinnett zoning designation. Significant recent renovations exceeding $1.2 million include new roofs (with a 15-year warranty), HVAC units, and Class A interior finishes. The property benefits from its location in the rapidly growing Peachtree Corners submarket, with easy access to over 200,000 residents within a 5-mile radius and significant recent infrastructure improvements in the surrounding area, including new assisted living facilities and a Publix-anchored shopping center. Tenants include Northside Hospital and other strong regional medical tenants who contributed significantly to suite build-outs. Below-market rents, tenant reimbursements, and annual escalations offer inflation protection. The property also enjoys prominent monument signage and benefits from Peachtree Corners' absence of city property taxes for commercial properties. The property's location within the Peachtree Corners Holcomb Bridge Corridor Urban Redevelopment area further enhances its long-term investment potential. The APN is 6-313-171.

Location Insight

City

Peachtree Corners

County

Gwinnett

State

Georgia

Latitude

33.9676

Longitude

-84.2597

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