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3889 Cobb Pky NW 5,694 SF Office Building Acworth, GA 30101 $2,509,000 ($440.64/SF) 5.74% Cap Rate



Investment Highlights
- Stable healthcare-oriented tenancy within growing medical corridor
- Strong surrounding demographics
- Located within one of Cobb County’s most desirable suburban markets
- High-visibility frontage along heavily traveled Cobb Parkway
- Attractive single-story medical/professional office layout
- Long-term NNN lease structure with annual rental increases
Executive Summary
Concord Realty Services, LLC is pleased to present for sale 3889 N. Cobb Parkway, Acworth, Georgia 30101, a stabilized single-tenant medical office investment strategically positioned along Cobb Parkway (US-41), one of northwest Atlanta’s primary retail, commuter, and commercial corridors. Situated at the signalized intersection of Highway 41 and Highway 92, the Property benefits from exceptional visibility, direct ingress/egress, and exposure to approximately 33,000 vehicles per day within one of metro Atlanta’s fastest-growing suburban markets.
The Property consists of a 5,694 square foot medical office building situated on approximately 1.5 acres and is leased to Bubolo Medical, an established medical practice that has operated at the location for more than 24 years. The tenant occupies the Property pursuant to a Triple Net (NNN) lease structure with annual rental in-creases, providing investors with stable in-place income and limited management responsibilities.
In addition to the Property’s stable in-place income characteristics, investors may also give consideration to the long-term potential for future redevelopment or adaptive reuse of the site given the broad range of uses permitted under the current General Commercial (GC) District zoning classification. The combination of strong corridor frontage, signalized access, and continued growth throughout the surrounding market pro-vides future flexibility beyond the existing medical office use.
The combination of stable medical tenancy, affluent demographics, strategic corridor positioning, and long-term redevelopment flexibility creates a compelling investment opportunity within one of Atlanta’s most desir-able suburban growth corridors.
The Property consists of a 5,694 square foot medical office building situated on approximately 1.5 acres and is leased to Bubolo Medical, an established medical practice that has operated at the location for more than 24 years. The tenant occupies the Property pursuant to a Triple Net (NNN) lease structure with annual rental in-creases, providing investors with stable in-place income and limited management responsibilities.
In addition to the Property’s stable in-place income characteristics, investors may also give consideration to the long-term potential for future redevelopment or adaptive reuse of the site given the broad range of uses permitted under the current General Commercial (GC) District zoning classification. The combination of strong corridor frontage, signalized access, and continued growth throughout the surrounding market pro-vides future flexibility beyond the existing medical office use.
The combination of stable medical tenancy, affluent demographics, strategic corridor positioning, and long-term redevelopment flexibility creates a compelling investment opportunity within one of Atlanta’s most desir-able suburban growth corridors.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
5,694 SF
Building Class
C
Year Built
1976
Price
$2,509,000
Price Per SF
$440.64
Cap Rate
5.74%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,694 SF
Building FAR
0.09
Lot Size
1.50 AC
Zoning
GC, County - GC general commercial district - Cobb County
Parking
24 Spaces (4.21 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 20-0081-0-028-0 | Improvements Assessment | $238,040 |
| Land Assessment | $327,028 | Total Assessment | $565,068 |
Property Taxes
Parcel Number
20-0081-0-028-0
Land Assessment
$327,028
Improvements Assessment
$238,040
Total Assessment
$565,068
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3889 Cobb Pky NW
