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2764 Highway 411 Se 3,004 SF Office Building Fairmount, GA 30139 $695,000 ($231.36/SF) 7.19% Cap Rate
Executive Summary
100% Leased Investment Property - Ideal for 1031 Exchange
Turnkey investment opportunity with two long-term, established tenants and immediate income. This fully remodeled property (2024) offers stable, triple-net (NNN) lease with 5% annual rent escalations, making it a perfect addition to any investment portfolio.
Tenant 1: Reputable, long-established funeral home Brand-new 5-year lease with multiple renewal options Triple-net lease (NNN) with 5% annual increases
Tenant 2: Synovus Bank Fresh 5-year lease term with renewal options 5% annual rent escalations
Total Annual Net Operating Income (NOI): $49,950.00
All the heavy lifting has been done-fully leased, recently renovated, and generating steady cash flow. A rare, hassle-free opportunity for passive investors and ideal for a 1031 exchange.
Turnkey investment opportunity with two long-term, established tenants and immediate income. This fully remodeled property (2024) offers stable, triple-net (NNN) lease with 5% annual rent escalations, making it a perfect addition to any investment portfolio.
Tenant 1: Reputable, long-established funeral home Brand-new 5-year lease with multiple renewal options Triple-net lease (NNN) with 5% annual increases
Tenant 2: Synovus Bank Fresh 5-year lease term with renewal options 5% annual rent escalations
Total Annual Net Operating Income (NOI): $49,950.00
All the heavy lifting has been done-fully leased, recently renovated, and generating steady cash flow. A rare, hassle-free opportunity for passive investors and ideal for a 1031 exchange.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,004 SF
Building Class
C
Year Built/Renovated
1988/2024
Price
$695,000
Price Per SF
$231.36
Cap Rate
7.19%
NOI
$49,950
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,004 SF
Building FAR
0.09
Lot Size
0.78 AC
Zoning
C - Commercial
Amenities
- Wheelchair Accessible
- Air Conditioning
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | F05Z-020 | Improvements Assessment | $108,840 |
| Land Assessment | $23,320 | Total Assessment | $132,160 |
Property Taxes
Parcel Number
F05Z-020
Land Assessment
$23,320
Improvements Assessment
$108,840
Total Assessment
$132,160
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2764 Highway 411 Se
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