1757 Candler Rd - Medical FOR SALE


Decatur, GA 30032
$1,766,364 USD
630-570-2169
1757 Candler Rd, Decatur, GA for Sale
$1,766,364 USD
Medical - FOR SALE
1/6
null | 8.15% Cap Rate

1757 Candler Rd
Decatur, GA 30032


HIGHLIGHTS

  • Recently Extended DaVita Dialysis | 36 Years of Operating History
  • Meticulously Maintained Property | Positioned for Passive Ownership
  • High Volume In-Center Hemodialysis Clinic | Open Six Days a Week | 5am – 4:30pm
  • Healthcare Real Estate is Historically Resistant to Economic Downturns
  • Proximity to Key Senior Residences and Healthcare Facilities
  • Highly Populated Area | Densely Located in the Atlanta MSA

OVERVIEW

Marcus & Millichap is pleased to exclusively offer a DaVita Dialysis with 36 years of operational history in Decatur, Georgia. A 5-year renewal was recently signed for the location in 2024, reinforcing DaVita's commitment to the site. The property has a strong track record of lease renewals, with multiple renewals being executed for terms of 8 years or more. It has over 5 years of firm lease term remaining, with a 2% annual rental increase continuing through the remaining options, and two 5-year renewal options still available. The property has been meticulously maintained, making it well-positioned for passive ownership. Recent upgrades include the replacement of the HVAC system in 2024 and resurfacing and striping of the main parking area. The back lot is in process of being sealed and striped which will add 20 additional parking spaces. The roof was replaced within the last 10 years and still has 10 years left on its warranty. This high-volume, in-center hemodialysis clinic operates six days a week (Monday to Saturday), from 5 a.m. to 4:30 p.m. They offer two shifts per day with 20 chairs available for patients. Healthcare real estate, like this property, is historically resistant to economic downturns due to the consistent demand for medical services, which tends to remain stable even during economic declines. The property is strategically located near several key senior residences and healthcare facilities, including Columbia Senior Residences at Forrest Hill (2.4 miles), Decatur East (3.1 miles), and Edgewood (4.7 miles). It is also close to major hospitals such as Emory Decatur Hospital (4.4 miles, 451 beds), Emory University Hospital (5.9 miles, 853 beds), Grady Memorial Hospital (6.4 miles, 989 beds), and Emory Hillandale Hospital (9.5 miles, 100 beds). The property is situated in a densely populated area within the Atlanta MSA. It benefits from significant local demographics, with 101,485 people living within a 3-mile radius and 279,974 within 5 miles. The average household income within a 1-mile radius is approximately $79,000. From 2010 to 2020, the population within a 5-mile radius grew by 11%, and it is expected to grow an additional 3% by 2028. Decatur, GA is ranked as the #4 Best Suburb to Live in Georgia, the #5 Best Place to Raise a Family, and the #5 Place with the Best Public Schools.

FOR SALE DETAILS

PRICE

$1,766,364 USD

PRICE/SF

$236 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C2

APN/PARCEL ID

15-183-07-014

ASK ABOUT THIS PROPERTY

Daniel ChumbleySharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

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Daniel ChumbleySharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.