10540 Medlock Brg RdJohns Creek, GA 30097

Property Details for 10540 Medlock Brg Rd

Year built

1978

Lot size

1.48 AC

Property size (Sq ft)

1,907 SF

Property type

Retail properties

Property subtype

Medical space

Description

This exceptional investment opportunity presents a fee-simple interest in a 1,907 square foot, NNN-leased veterinary clinic in Johns Creek, Georgia. The property, built in 1978 and situated on a 1.48-acre lot, boasts a strong 8.75% cap rate and a Net Operating Income (NOI) of $149,686. The current tenant, PetVet Care Centers, a national network of veterinary hospitals, has a lease with one year remaining on the initial 10-year term, followed by two three-year renewal options. The lease includes annual rent bumps of 3%, ensuring consistent income growth. The property features 15 parking spaces and benefits from high visibility on Medlock Bridge Road, a busy thoroughfare with over 40,148 vehicles daily. The location is surrounded by major retailers like Target, Publix, Home Depot, and Whole Foods, serving a dense population with a high average household income of $191,237 within a 5-mile radius. The NNN lease structure minimizes landlord responsibilities, making this an ideal low-management investment. The asking price is $1,710,703, translating to $897.07 per square foot. The property consists of a two-story building with a strong tenant and a favorable lease structure, making it an attractive addition to any investment portfolio. The property's APN is 11 091003240302.

Location Insight

City

Johns Creek

County

Fulton

State

Georgia

Latitude

34.0373

Longitude

-84.1857

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