3420 Highway 155 N - Medical FOR SALE


Mcdonough, GA 30252
$3,590,000 USD
678-808-2762
3420 Highway 155 N, Mcdonough, GA for Sale
$3,590,000 USD
Medical - FOR SALE
1/4
null | 5.85% Cap Rate

3420 Highway 155 N
Mcdonough, GA 30252


OVERVIEW

OUTPARCEL TO TOP PERFORMING PUBLIX SHOPPING CENTER • The subject property is an outparcel to a new 66,387 SF Publix Anchored Shopping Center that opened in 2022. • The Publix ranks in the top 83% among all Publix locations nationwide and supports over 856,600 customers each year. • Additional outparcels in the center include Wendy’s, Tidal Wave Auto Spa, UPS, and multiple restaurants. • The shopping center is located at the signalized intersection of Highway 155 and Kelley Town Road which sees a combined 25,000 vehicles per day. • A new construction 72-unit senior housing project is under development adjacent to this shopping center and is projected to deliver at the end of 2024. HIGH GROWTH AFFLUENT ATLANTA SUBURB • McDonough is an affluent high growth suburb of Atlanta located 30 miles south of downtown Atlanta on Interstate 75 (181,000 VPD) • McDonough is the county seat of Henry County which is one of the fastest growing counties in the entire U.S. • The 5 mile population from the subject property is 81,430 with over 21% growth. The 5 mile average household income is $100,437. ATLANTA • Atlanta is the hub and economic engine of the Southeast, which is the fastest-growing region in the U.S. • Atlanta is home to multiple Fortune 500 companies including the Coca-Cola Company, Home Depot, Delta Air Lines, and more. • Home to multiple colleges and universities including Georgia State (32,082 Students), Georgia Institute of Technology (26,839 Students), and Emory University (14,769 Students). • Atlanta is also home to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, which handles more than 100 million passengers per year. HEARTLAND DENTAL | 1,700 LOCATIONS • Heartland Dental is the largest dental support organization in the U.S. with more than 1,700 offices in 38 states and over 2,800 doctors. • In 2023, Heartland Dental opened 94 practices with plans to open over 1,130 additional locations in the future. • Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496M under management. 10 YEAR CORPORATE LEASE WITH 10% RENT INCREASES • The subject property has over 9.5 years remaining on a 10-year NN corporate guaranteed lease with 10% rent increases every 5 years in the initial term and in each of the four, 5-year option periods. • The landlord has limited responsibilities which only include Roof Replacement and Structure. • The Tenant is responsible for roof repairs, common area expenses, HVAC, taxes, insurance, and utilities.

FOR SALE DETAILS

PRICE

$3,590,000 USD

PRICE/SF

$843 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental | Affulent Atlanta Suburb

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C

APN/PARCEL ID

0101-01-001-005

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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