1388 Wellbrook CirConyers, GA 30012

Property Details for 1388 Wellbrook Cir

Year built

1994

Construction

WOOD

Lot size

0.87 AC

Property size (Sq ft)

5,000 SF

Zone code

OI

Property type

Medical offices

Property subtype

Medical centers

APN

067-0-02-015F

APU

067002015F

Description

This exceptional investment opportunity presents a portfolio of two Class B medical office buildings totaling 16,280 square feet, situated on a 39,247 square foot lot in Conyers, Georgia (30012). Currently 100% occupied by two tenants under a triple net (NNN) lease structure, the portfolio boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $342,255. Built in 1994, these single-story buildings feature 60 parking spaces and are zoned OI. The primary tenant, operating a busy pain management clinic including surgical suites, has a 10-year lease renewal commencing November 1, 2024. A secondary tenant occupies approximately 19% of one building and has a lease with 2.5 years remaining. The properties are strategically located near Piedmont Rockdale and Piedmont Newton hospital campuses, benefiting from high visibility and convenient access. This portfolio offers a compelling investment opportunity with stable income and significant growth potential in a thriving medical market. The asking price is $4,280,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,217,560

  6.5%

  $1,123,900

  7%

  $1,043,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $975,300

  Geo Method

  $975,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,142,840

  Retail / Commercial

  $1,112,520

  Mixed-Use / Specialty

  $1,119,330

  Hospitality / Lodging

  $835,247

  Institutional / Educational

  $1,167,500

  Residential Income

  $1,365,980

  Multifamily

  $1,578,530

  Automotive / Energy

  $1,000,720

  Parking / Income-Based Land

  $334,687

  Restaurant / Food Service

  $605,172

  Healthcare / Senior Housing

  $1,136,800

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Latitude

33.6786

Longitude

-84.0022

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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