601 Coleman St - Assisted Livings FOR SALE


Atlanta, GA 30354
$1,500,000 USD
770-314-2920
601 Coleman St, Atlanta, GA for Sale
$1,500,000 USD
Assisted Livings - FOR SALE
1/20
null | 9.65% Cap Rate

Apr '25


601 Coleman St
Atlanta, GA 30354


HIGHLIGHTS

  • Close proximity to healthcare providers and major transit routes.
  • Opportunity to acquire the operating business for additional revenue.
  • Turnkey investment with an established tenant and business operation.

OVERVIEW

Property Overview : 601 Coleman Street in Hapeville, Georgia, is a 7,500-square-foot, 30-bed personal care facility. The property is secured by a 10-year triple net (NNN) lease, ensuring stable and long-term income. There is also an opportunity to acquire the operating business, offering additional revenue potential. The property is strategically located in a growing submarket of Fulton County, with ongoing economic development initiatives supporting demand for senior housing. Market Analysis: Hapeville is undergoing significant redevelopment, with major mixed-use and residential projects increasing demand for senior care facilities. The area is home to 12 senior living communities, with average personal care facility costs at approximately $3,305 per month, positioning this property competitively within the market. The facility benefits from proximity to key healthcare providers, retail centers, and major transportation routes. Financial Highlights Asking Price: $1,500,000 Net Operating Income (NOI): $144,685 Cap Rate: 9.65% Lease Type: Triple Net (NNN) Building Size: 7,500 SF Lot Size: 0.69 Acres Year Built: 1989 Investment Rationale :This property presents a strong investment opportunity with a stabilized asset and long-term NNN lease. The 9.65% cap rate offers a solid return in a high-demand sector. The potential acquisition of the operating business further enhances investment value, providing direct entry into the personal care market. Hapeville’s ongoing development and increasing population density support the long-term viability of senior care facilities. Key Investment Highlights Long-term lease in place. Strong 9.65% cap rate with stable income. Opportunity to acquire the operating business for additional revenue. Located in a high-growth area with major redevelopment projects. Competitive market positioning within the personal care sector. Close proximity to healthcare providers and major transit routes. Turnkey investment with an established tenant and business operation. Conclusion: 601 Coleman Street is a strategically located, income-producing personal care facility with a long-term lease in place. With a competitive cap rate and the possibility of acquiring the operating business, this property is positioned as a strong investment in a growing market. Serious investors and brokers seeking stable returns in the senior housing sector should consider this opportunity.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

9.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hapeville Manor Assisted Living

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

Village, Hapeville

APN/PARCEL ID

14-0099-0003-120-6

ASK ABOUT THIS PROPERTY

Harrison WatsonCommercial Pro AdvisorsMore Info
770-314-2920

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Harrison WatsonCommercial Pro AdvisorsMore Info
770-314-2920

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