601 Coleman St, Atlanta

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.​

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.