1455 Old Mcdonough Hwy

The Old McDonough Medical Office is a ±8,550 SF medical office building located at 1455 Old McDonough Highway in Conyers, GA (Atlanta MSA). The Property presents investors with a value-add opportunity to acquire a highly visible medical office asset with both stable income and significant value enhancement opportunities. Built in 1986, this office building is positioned on a ±0.82 acres and contains 5 office units ranging in size from ±864 to ±2,687 SF. The Property also offers the ability to expand due to an additional ±0.72 acres located directly behind the property, which is also part of this offering and provides investors the potential to develop additional square footage, grow the building's footprint and drive up NOI. The Property is ±80% occupied by a mix of well-established and long-term medical tenants including an Optometrist (±29% of GLA), Dentist (±31% of GLA), and Orthodontist (±19% of GLA) all expiring in 2021. There is currently ±1,692 SF of medical space available for immediate lease up that offer excellent floor plans for smaller users. With current vacancy of 20%, there is room to grow revenue and profits via long term lease up at market rates and additional value add opportunities exist upon rollover for mark-to-market rates. The Property is located only ±8 minutes from Piedmont Rockdale, a 138-bed hospital, and offers an excellent opportunity for an owner/user affiliated with Piedmont. The Property is located in an ideal location for medical users with high traffic counts and excellent visibility. The Old McDonough Medical Office is strategically positioned and offers has high visibility road frontage on Old McDonough (±68,300 VPD). The Property abuts several office buildings and is adjacent to numerous healthcare providers, offering immediate potential patient referrals. The Property is easily accessible and located ±0.2 miles from busy I-20 and features two points of ingress/egress. The Property is situated behind Conyers Crossing shopping center and is positioned several national retailers, restaurants, entertainment venues, and hospitality assets. Additionally, the Property’s desirable location in the I-20 East/Conyers submarket offers excellent demographics and in a growing area of Metro Atlanta. As of 2019, Old McDonough Medical Office has approximately ±87,114 individuals residing within a five-mile radius of the property and an average household income of ±$70,738. In 2019, the total estimated specified consumer spending within a 5-mile radius of the Property accounts for ±$734,517,000 and there are ±4,024 businesses and ±40,716 employees. The Property’s location in Rockdale County is only 25 minutes from Atlanta's CBD and allows for easy access to the greater Atlanta area via the I-20. The Old McDonough Medical Office offers investors the opportunity to purchase a cash flowing medical office asset with significant upside potential through continued lease-up strategies and/or redevelopment within a desirable Atlanta suburb.