LeParc Manget 466 Manget St 3,000 SF Office Building Marietta, GA 30060 $698,450 ($232.82/SF) 7.48% Cap Rate

INVESTMENT HIGHLIGHTS

  • Medical Office
  • Atlanta MSA
  • Long Term Stable Tenant
  • Long Term Lease (10 year) with 7 yrs Remaining
  • Easy 7.5% Cap Investment

EXECUTIVE SUMMARY

This property is currently secured under an 7.5-year triple-net (NNN) lease, offering a reliable revenue stream with built-in rent escalations of 5% every three years. Designed to meet the exacting standards of modern healthcare providers, this facility is ideally located in a thriving medical corridor, ensuring high visibility and accessibility for patients and professionals alike.
Key Investment Highlights:
Stable NNN Lease: Enjoy a secure, low-management investment with an 7.5-year lease term.
Built-in Rent Escalations: Benefit from 5% increases every three years, providing inflation protection and enhancing long-term returns.
Prime Medical Location: Situated in a bustling healthcare hub, this property is surrounded by leading medical institutions and research centers.
Purpose-Built Facility: A modern design with specialized features tailored to the needs of medical practices and outpatient services.
Attractive Investment Opportunity: With minimal operational expenses and steady rental income, this asset is perfect for investors seeking stability and growth in the healthcare real estate market.
This is a rare opportunity to acquire a high-caliber medical property with strong lease terms and built-in value appreciation. Contact us today to schedule a private tour and explore how this asset can be a cornerstone in your investment portfolio.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
2001/2022
Price
$698,450
Price Per SF
$232.82
Cap Rate
7.48%
NOI
$52,219
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,700 SF
Building FAR
0.23
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
LRO - Low Rise Office
Parking
14 Spaces (5.13 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Courtyard
  • Security System
  • Signage
  • Outdoor Seating
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • The Blue Garnett
  • Services
  • 2,700 SF
  • $23.00
  • Triple Net
  • Aug 2032
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
The Blue Garnett Services 2,700 SF $23.00 Triple Net Aug 2032

PROPERTY TAXES

  • Listing ID: 36188096

  • Date on Market: 3/5/2025

  • Last Updated:

  • Address: 466 Manget St, Marietta, GA 30060