748 Atlanta HwyRockmart, GA 30153

  • Specialty properties
  • 3,708 SF
For Sale
$771,903 View listing

Property Details for 748 Atlanta Hwy

Year built
2007
Lot size
1.81 AC
Property size (Sq ft)
3,708 SF
Property type
Specialty properties
APN
R23-027-
APU
R23027

Description

This exceptional investment opportunity presents a 3,708 square foot medical office building in Rockmart, Georgia, currently leased to Alliance Animal Health, a national veterinary consolidator with over 200 partner practices. The property boasts a strong 8.25% cap rate and a sub-$1 million asking price of $771,903, translating to $208 per square foot. Located at 748 Atlanta Hwy, Rockmart, GA 30153, this single-tenant, net-leased property offers a 10-year lease with 5.7 years remaining and two 5-year renewal options, each with a 1.5% annual rent increase. Built in 1985 and renovated in 2000, the property enjoys 100% occupancy and a substantial net operating income (NOI) of $63,682. Its prime location along State Highway 113 ensures excellent visibility and accessibility. The tenant's commitment to the location, coupled with the robust growth of the veterinary services market, makes this a recession-resistant investment with significant long-term potential. The property's proximity to Atlanta and Chattanooga provides access to major markets and transportation hubs. Alliance Animal Health's comprehensive veterinary services, including wellness, dental care, and boarding, contribute to the property's stable income stream. This is an ideal investment for those seeking a passive income stream with built-in inflation protection and potential for appreciation.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $897,674
    Hospitality
    $822,264
    Educational
    $684,114
    Medical
    $707,642
    Retail
    $1,064,178

Location Insight

City
Rockmart
County
Polk
State
Georgia
Latitude
33.9817
Longitude
-85.0379
CBSA code
16340
CBSA name
CEDARTOWN, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,518
$7,109
$183,282
$190,391
-
$17,773
$458,204
$475,977

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