EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
SK Commercial Realty is proud to present this fantastic opportunity to own a 100% occupied medical office building in the booming Peachtree Corners submarket.
6450 & 6460 Spalding Drive is a well-maintained medical office complex occupied by Northside Hospital and other strong regional medical tenants. The current owner has invested over $1.2 million in interior and exterior renovations, including Class A interior finishes, new roofs, all new HVAC units, and retaining wall.
The immediate surrounding area has also seen significant investment, including infrastructure improvements, and two recently constructed Assisted Living Facilities and a new Publix anchored shopping center across the street, all spurred by the rapidly growing Peachtree Corners market.
The recent capital improvements to the buildings, which includes significant investment from the tenants, excellent area amenities, and easy access to over 200,000 residents within 5 miles ensures that this will be an excellent long term investment.
PROPERTY OVERVIEW
ASKING PRICE: $3,950,000
PRICE/SF: $192.40 CAP RATE: 7.20%
OCCUPANCY: 100% occupied
SQUARE FOOTAGE: ±20,530 SF
ACRAGE: 1.83 AC YEAR BUILT: 6450 Bldg: 1990 // 6460 Bldg: 1986
PARCEL NUMBERS: 6-313-171 PARKING: 4.68/1000 SF (96 parking spaces)
ZONING: C2 (General Business) Gwinnett
CONSTRUCTION: Steel Frame, Brick Masonry
INVESTMENT HIGHLIGHTS
» Occupied by Northside Hospital along with other strong regional medical tenants that contributed significantly to the buildout of their suites
» Below market rents
» Reimbursements from tenants and annual escalations provide hedge against inflation
» Current owner has invested over $1,200,000
» New roofs with 15-year warranty, and HVAC units on each building
» Class A interior finishes in each suite
» Monument signage with high visibility from Spalding Drive (~26,000 VPD)
» Excellent demographics and attractive investment incentives in the rapidly growing Peachtree Corners submarket
» ± 213,000 population with AHI of ± $146,000 within 5 mile radius
» Peachtree Corners has no city property taxes for commercial properties
» Property is located within and has already benefited from the Peachtree Corners Holcomb Bridge Corridor Urban Redevelopment area
SITE OVERVIEW
ATLANTA AUTISM CENTER
Building 6450 Suite A 5,326 SF
TENANT OVERVIEW
BLDG 6450 // SUITE A
Lease Expiration: 4/30/26
Square Footage: 5,326 SF
Tenant: HB Pediatrics
BLDG 6450 // SUITE B, FLOOR 2
Lease Expiration: 2/28/29
Square Footage: 5,102 SF
Tenant: Gwinnett Pediatric Partners
Atlanta Autism Center provides comprehensive, family-centered diagnostic and therapy services for children with autism spectrum disorder. Their ASD services include initial diagnosis, ongoing management, help with communication and activities of daily life, medication management, ABA, physical, occupational, speech, feeding therapies, and referral to specialty care as needed. Atlanta Autism Center provides Autism Evaluation, Pediatric Care for Kids with ASD, Speech Therapy, Occupational Therapy, ABA Therapy, and Feeding Therapy. They have locations in Alpharetta, Covington, Lawrenceville, and Peachtree Corners.
Website: https://atlantaautismcenter.com/
BLDG 6460 // SUITE A
Lease Expiration: 5/31/25
Square Footage: 2,500 SF
Tenant: Northside Hospital
Northside’s broad network of best-in-class facilities is staffed with highly-skilled, caring professionals who provide leading-edge therapies. The hospital ranked among all Top Large employers (more than 500 employees) across the U.S. in 10 categories, including Best Places to Work in Atlanta, Best Career Growth, Best Company Outlook, Best Company for Women, Best Company for Diversity and Happiest Employees. Northside Hospital Cancer Institute is the largest and most comprehensive cancer network in Georgia. They diagnose and treat more new cases of cancer each year than any other community health system in the state.
Website: https://www.northside.com/
From primary care to behavioral health, Pediatric Partners of Gwinnett provides the most advanced, comprehensive, and coordinated care for children. Some of the services they offer are Primary Care, Autism and Developmental Pediatrics, Child and Adolescent Psychology, Nutrition, Lactation, Speech Therapy, and Occupational Therapy. Pediatric Partners of Gwinnett currently has offices in Conyers, Lilburn, Norcross, and Peachtree Corners. They also have After-hours Care available in their Lilburn, Norcross, and Conyers offices. For over 40 years, their practice has been providing generations of families with the highest quality primary care and earned multiple parent and peer recognition awards.
Website: https://www.gwinnettchildren.org/
BLDG 6460 // SUITE B, FLOOR 1
Lease Expiration: 1/31/31
Square Footage: 2,500 SF
Tenant: Dr. Sem Dental
As a high-class general, cosmetic, and restorative dentist. Light Dentist Touch provides unparalleled care in specific areas of dentistry and cosmetic care such as periodontics (implants), oral surgery, PRP Facial Injections, and Endodontics. Their practice has innovative equipment to provde precise and convenient care. They use a variety of techniques to help diagnose, plan and perform modern services. Their state-of-the-art digital technology for X-rays (CBCT scanner) has 90% less radiation than traditional X-rays, inter oral camera, and many more. Light Dentist Touch is also the Top Rated dentist in Peachtree Corners.
Website: https://www.lighttouchdentist.com/
INVESTMENT HIGHLIGHTS
BLDG 6460 // SUITE C & D, FLOOR 2
Lease Expiration: 12/08/26
Square Footage: 5,102 SF
Tenant: Tebo Dentistry for Kids
Peachtree Corners, LLC
Tebo Dental has been treating children for over 40 years in Georgia. They provide children’s dentistry, sedation dentistry, emergency dentistry, and teen dentistry. They have officess in Dacula, Gainesville, Peachtree Corners, Cumming, and 3 in Lilburn. Some of their offices also provide orthodontics including Peachtree Corners. Tebo Dental is associated with International Association of Dental Traumatology, American Academy of Pediatric Dentistry, American Dental Association, Georgia Dental Association, American Association of Orthodontists, and Georgia Department of Community Health.
Website: https://tebodental.com/
MARKET OVERVIEW
PEACHTREE CORNERS SUBMARKET
As Gwinnett County’s largest city, Peachtree Corners is a regional technology hub about 30 minutes north of Downtown Atlanta. The city is vibrant and growing, with leadership focused on comprehensive, well-conceived planning and meaningful development. One unique aspect of conducting business in Peachtree Corners is the low cost. There is a zero millage rate in Peachtree Corners which means no municipal property taxeseither for commercial or residential property. No other city in the metro Atlanta area can make this claim.
SIGNIFICANT RECENT INVESTMENTS
» 20 acre Peachtree Corners Town Center, featuring shopping, dining, housing, pedestrian bridge and event venue
» City is constructing 12 mile multi-use trail system
» Holcomb Bridge Corridor Urban Redevelopment plan
» 5-Year Economic Development Plan: Read the full plan here.
A 20-acre Town Center was completed in 2019, creating a place for the community to gather. The Town Center, with its 2-acre Town Green, is at the heart of the city’s Entertainment District. An outdoor amphitheater, children’s play area, and well-known eateries routinely draw thousands of people. While the Town Center is bustling, the waters of the Chattahoochee River provide a place to unwind and rejuvenate the soul. Fishermen enjoy trout fishing in the river for much of the year. Other recreational activity include a multiuse trail system which starts in Tech Park and will ultimately loop 12 miles around the city.
DEMOGRAPHICS
Demographics are gathered via 3, 5, and 7-mile radii of Spalding Plaza.
*Information gathered via CoStar and Esri market data
FINANCIAL SUMMARY
INVESTMENT HIGHLIGHTS
SK Commercial Realty LLC is hereby defined as “Broker.” The information contained herein is considered to be confidential and is being provided solely for the purpose of review by prospective purchasers or brokers / consultants representing prospective purchasers (“Recipient”) of the Property described herein. All materials are proprietary, confidential, and the sole possession of the Seller. Any distribution, in whole or in part, of any of the contained information to a party other than the party receiving it directly from Broker is strictly prohibited.
The information contained in this Offering Memorandum (OM) is provided solely to facilitate the prospective purchaser’s own due diligence, for which it shall be fully and solely responsible. The OM is not meant to serve as a substitute for Recipient’s performance of a thorough analysis and “due diligence” investigation of all components of said Property, including but not limited to financial performance, loan details, market conditions, compliance with state and federal laws and regulations, or Property’s physical condition.
The materials contained herein are based on information and sources that are deemed reliable, but no representation or warranty, expressed or implied, is being made by Broker or Seller or any of their respective representatives, affiliates, officers, employees, partners, etc. as to the accuracy or completeness of said information. Seller reserves the right at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason.
Seller and Broker each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and / or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, corrections of errors, change of price or other terms, prior to sale or withdrawal from the market without notice.
Seller shall have no legal obligation or commitment of any kind to any Recipient in performing additional investigations and/or making an offer to purchase the Property, unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller.
Recipient of this Offering Memorandum agrees:
» The enclosed information is highly confidential and will be held and treated in the strictest of confidence and any physical copy of the OM shall be returned to Broker or Seller promptly upon request;
» Not to contact employees or tenants of the Property directly or indirectly regarding any aspect of this information without the prior written approval of the Broker or Seller; and
» No portion of the enclosed information may be copied or otherwise reproduced without the prior written authorization of Broker or Seller.
