50 Chastain Center BlvdKennesaw, GA 30144

Property Details for 50 Chastain Center Blvd

Year built

1987

Lot size

1.18 AC

Property size (Sq ft)

9,702 SF

Zone code

GC/WS

Property type

Office properties

Property subtype

Office buildings

APN

16036300060

APU

16036300060

Description

This exceptional investment opportunity presents a 10,010-square-foot mixed-use building in Kennesaw, Georgia, currently operating at 100% occupancy. Located at 50 Chastain Center Blvd, 30144, this property boasts convenient access to I-575 and I-75, ensuring high visibility and accessibility. The building is currently leased to a single tenant under a triple-net (NNN) lease agreement with a remaining term of 9.5 years on a 10-year lease. The tenant possesses excellent credit, mitigating risk and providing financial stability. The asking price is $3,630,000, translating to a price per square foot of $362.64 and a compelling 6.12% capitalization rate. This property offers a strong, stable income stream with significant long-term potential. The property's classification includes Mixed Use, Office, and Retail components, providing versatility and potential for future expansion or adaptation. This is an ideal investment for those seeking a secure, high-return property with a proven track record of success in a thriving Georgia market. The property's location in Cobb County offers a strong demographic profile and robust economic activity. This turnkey investment requires minimal management, making it an attractive option for both seasoned and new investors.

• CAP approach

  CAP return

  Valuation

  6%

  $2,052,015

  6.5%

  $1,894,168

  7%

  $1,758,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,580,358

  Geo Method

  $1,892,472

• Alternative Use

  Use

  Valuation

  Residential

  $2,348,768

  Hospitality

  $2,151,459

  Educational

  $1,789,989

  Medical

  $1,851,549

  Retail

  $2,784,427

Location Insight

City

Kennesaw

County

Cobb

State

Georgia

Latitude

34.0363

Longitude

-84.5665

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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