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LeParc Manget 466 Manget St 3,000 SF Office Building Marietta, GA 30060 $625,000 ($208.33/SF) 8.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Medical Office
- Atlanta MSA
- Long Term Stable Tenant
- Long Term Lease (10 year) with 7 yrs Remaining
- Easy 8.7% 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.
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 Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
2001/2022
Price
$625,000
Price Per SF
$208.33
Cap Rate
8.36%
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 |
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PROPERTY TAXES
| Parcel Number | 17-0290-0-049-0 | Improvements Assessment | $127,384 |
| Land Assessment | $67,776 | Total Assessment | $195,160 |
PROPERTY TAXES
Parcel Number
17-0290-0-049-0
Land Assessment
$67,776
Improvements Assessment
$127,384
Total Assessment
$195,160
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LeParc Manget | 466 Manget St
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