Shopping Regional

Medical Center at Walker Mill

1720 Powder Springs Rd SW, Marietta, GA 30064

Listing Price: $2,780,000

Cap Rate
7.25%
Gross SF
13,448
Rentable SF
13,448
Price/Gross SF
$206.72
Lot Size
2.07 acres
Year Built
2007

Investment Overview

INVESTMENT HIGHLIGHTS
- 13,448 sf Fresenius anchored medical office center located in affluent Marietta, GA, approximately 20 miles northwest of Atlanta
- Recession and pandemic resistant tenant mix - NONE OF THE TENANTS ASKED FOR AN ABATEMENT OR DEFERRAL DURING COVID-19
- Fresenius occupies 60.4% of the overall GLA - Lease expires in August 2026 - 2.0% Annual Increases
- Achieve Physical Therapy (20.6% of GLA) just extended their Lease for 5 years and State Farm (9.4%) just signed a 4-year Lease last year
- Upside potential in leasing remaining vacancy of 1,694 sf (9.7%) - Seller white-boxed this space last year so limited TI work required
- Just off the highly trafficked intersection of Powder Springs Road and Windy Hill Road - over 64,000 cars/day
- Directly adjacent to a large Kroger anchored shopping center with AT&T, Subway, Farmers Insurance, Great Clips, and Sprint
- Other nearby traffic generators include: Publix, Walgreens, Dollar Tree, Starbucks, Coast Dental, Chase Bank, Chick-fil-A, and Wendy's
- Densely populated area - nearly 70,000 residents within 3 miles and over 170,000 within 5 miles
- High average household income area - over $96,500 in the 1-mile radius and over $86,000 in the 3 & 5-mile radius
- Atlanta currently has a population of over 5.9 million people - expected to grow by 5% over the next 5 years
- Atlanta ranks among the highest in the nation for job growth - added more than 328,000 jobs over the past 5 years
- Atlanta ranks among the top 10 in the nation in the number of Fortune 500 headquarters with 15 firms, including UPS, Delta, Home Depot, and Coca-Cola
- Median household income in Atlanta is currently $64,800 - above the national average of $60,800

Investment Highlights

  • 13,448 sf Fresenius anchored medical office center located in affluent Marietta, GA
  • Recession and pandemic resistant tenant mix
  • Fresenius occupies 60.4% of the overall GLA - Lease expires in August 2026

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

Shopping Regional

Medical Center at Walker Mill

Listing Price: $2,780,000

Cap Rate
7.25%
Gross SF
13,448
Rentable SF
13,448
Price/Gross SF
$206.72
Lot Size
2.07 acres
Year Built
2007

Investment Highlights

  • 13,448 sf Fresenius anchored medical office center located in affluent Marietta, GA
  • Recession and pandemic resistant tenant mix
  • Fresenius occupies 60.4% of the overall GLA - Lease expires in August 2026

Investment Overview

INVESTMENT HIGHLIGHTS
- 13,448 sf Fresenius anchored medical office center located in affluent Marietta, GA, approximately 20 miles northwest of Atlanta
- Recession and pandemic resistant tenant mix - NONE OF THE TENANTS ASKED FOR AN ABATEMENT OR DEFERRAL DURING COVID-19
- Fresenius occupies 60.4% of the overall GLA - Lease expires in August 2026 - 2.0% Annual Increases
- Achieve Physical Therapy (20.6% of GLA) just extended their Lease for 5 years and State Farm (9.4%) just signed a 4-year Lease last year
- Upside potential in leasing remaining vacancy of 1,694 sf (9.7%) - Seller white-boxed this space last year so limited TI work required
- Just off the highly trafficked intersection of Powder Springs Road and Windy Hill Road - over 64,000 cars/day
- Directly adjacent to a large Kroger anchored shopping center with AT&T, Subway, Farmers Insurance, Great Clips, and Sprint
- Other nearby traffic generators include: Publix, Walgreens, Dollar Tree, Starbucks, Coast Dental, Chase Bank, Chick-fil-A, and Wendy's
- Densely populated area - nearly 70,000 residents within 3 miles and over 170,000 within 5 miles
- High average household income area - over $96,500 in the 1-mile radius and over $86,000 in the 3 & 5-mile radius
- Atlanta currently has a population of over 5.9 million people - expected to grow by 5% over the next 5 years
- Atlanta ranks among the highest in the nation for job growth - added more than 328,000 jobs over the past 5 years
- Atlanta ranks among the top 10 in the nation in the number of Fortune 500 headquarters with 15 firms, including UPS, Delta, Home Depot, and Coca-Cola
- Median household income in Atlanta is currently $64,800 - above the national average of $60,800

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

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