2399 Wall StConyers, GA 30013

Property Details for 2399 Wall St

Year built

2022

Construction

STEEL FRAME

Lot size

1.83 AC

Property size (Sq ft)

6,300 SF

Zone code

OI

Property type

Healthcare properties

Property subtype

Medical offices

APN

077-0-01-0012

APU

770010012

Description

This exceptional investment opportunity presents a fee-simple interest in a 6,370-square-foot, single-tenant medical office building located at 2399 Wall St SE, Conyers, Georgia 30013. The property, built in 2022 on a 1.83-acre lot, is a net-zero energy clinic, a testament to its energy-efficient design and the inclusion of solar panels. Leased to DaVita, Inc., a leading operator in the kidney care industry, under a 15.1-year Net Lease (NN) with a corporate guarantee, the lease commenced June 8, 2022, and expires June 30, 2037, leaving a substantial 12.6 years remaining. The lease includes 10% rent bumps every five years and options for three, five-year extensions. The asking price is $3,195,529, representing a 6.05% cap rate and a price per square foot of $501.65. The property boasts a strong NOI of $193,330 and 100% occupancy. Strategically located near the intersection of Interstate 20 (130,000 vehicles per day) and North Salem Road, close to Highway 138 Southeast (53,000 vehicles per day), the clinic benefits from a robust demographic profile, with approximately 99,000 people within a five-mile radius and an average household income exceeding $85,000 annually. This investment offers significant long-term passive income potential, shielded from macroeconomic fluctuations due to the strong tenant, long-term lease, and built-in rent growth. The property represents a rare opportunity to acquire a state-of-the-art, net-zero energy medical facility in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,353,643

  6.5%

  $1,249,517

  7%

  $1,160,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,228,878

  Geo Method

  $1,228,878

• Alternative Use

  Use

  Valuation

  Residential

  $1,549,400

  Hospitality

  $1,419,243

  Educational

  $1,180,793

  Medical

  $1,221,402

  Retail

  $1,836,789

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Latitude

33.626

Longitude

-83.9799

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].