195 Parkwood CirCarrollton, GA 30117

Property Details for 195 Parkwood Cir

Year built

1990

Construction

STEEL FRAME

Lot size

1.48 AC

Property size (Sq ft)

7,974 SF

Zone code

C

Property type

Healthcare properties

Property subtype

Medical offices

APN

089- -0567

APU

890567

Description

This exceptional investment opportunity presents a single-tenant, Class A medical office building totaling 8,219 square feet, situated on a 1.48-acre lot in Carrollton, Georgia. The property is 100% occupied by DaVita, a leading kidney care provider with a substantial national presence, under a Net Net (NN) lease structure. The current lease, with a corporate guarantee, commenced October 1, 2010, and has a remaining term of approximately 4.2 years, extending to January 14, 2029. DaVita recently exercised an early five-year renewal option, demonstrating strong tenant commitment. The lease includes three additional five-year renewal options with built-in rent escalations. The asking price is $1,725,900, representing a compelling cap rate of 7.00% and a price per square foot of $209.99. The property boasts a strong net operating income (NOI) of $120,819. Built in 1990, this single-story building features 12 dialysis stations and benefits from its location near Tanner Medical Center and Higgins General Hospital, ensuring high visibility and patient access. The property's strategic location also provides convenient access to numerous retail amenities, including Circle K, Shell, Subway, Jack's, McDonald's, and Dollar General. The land value alone is $245.16 per square foot. This presents a low-maintenance, high-return investment with a secure, long-term tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,414,643

  6.5%

  $1,305,824

  7%

  $1,212,551

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,404,046

  Geo Method

  $1,555,408

• Alternative Use

  Use

  Valuation

  Residential

  $1,619,222

  Hospitality

  $1,483,199

  Educational

  $1,234,004

  Medical

  $1,276,444

  Retail

  $1,919,562

Location Insight

City

Carrollton

County

Carroll

State

Georgia

Latitude

33.6167

Longitude

-85.0857

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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