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29817681

2015 Vaughn Rd, Kennesaw, GA 30144

FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$11,100,000
115 days on market
Updated 13 days ago

Single Tenant Autism Center-15 Years, 3% Increases-NNN-GA

Details
Property Type Office
Sub Type Medical Office
Square Footage 30,965
Net Rentable (SqFt) 30,965
Cap Rate 7.00%
NOI $774,125
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 2-5year
Price per SqFt $358
Class B
Year Built 2008
Year Renovated 2026
Buildings 1
Stories 1
Acreage 4.930
Investment Type Stabilized
Lease Commencement 05/01/2026
Occupancy Date 05/01/2026
Ownership Fee Simple

Expanding Autism Medical Center-15 year with 3% increases-GA

Marketing description

Marcus & Millichap is pleased to present 2015 Vaughn Road, a 30,965-square-foot medical office building constructed in 2008 and situated on 4.93 acres in Kennesaw, Georgia. The property is master leased to The Autism Center of Atlanta, which has agreed to a sale-leaseback and will continue operations under an absolute triple-net (NNN) lease featuring 3 percent annual rental increases and two five-year renewal options. Included in the lease are three subtenants in the building, which will allow for future expansion for the Atlanta Autism Center. The other tenants are as follows: Sunshine Equipment, which is a reseller of automotive service equipment. They have been a tenant since 2022. Their lease expires in June 30, 2028. Selectek is an engineering staffing agency and has been a tenant in the building since 2015. Their lease expires August 31, 2026. Level 3 Communications is a VoIP services provider on a month-to-month lease."

The Autism Center of Atlanta delivers comprehensive, family-centered diagnostic and therapeutic services for children with autism spectrum disorder. Services include initial diagnosis, ongoing management, applied behavior analysis (ABA), physical, occupational, speech and feeding therapies, medication management, assistance with activities of daily living, and referrals to specialty care as needed. The depth and breadth of services support strong patient retention and long-term tenancy. The property is located on Vaughn Road, within a well-established suburban corridor offering convenient access to major transportation routes and daily amenities.

The site is just minutes from Interstate 75, providing efficient north–south connectivity to Marietta, Atlanta, Acworth, and Cartersville. Nearby Cobb Parkway (U.S. Highway 41) and Barrett Parkway serve as primary commercial corridors for the area. Kennesaw, Georgia is a thriving northwest Atlanta suburb known for its strong sense of community, excellent accessibility, and diverse amenities. Anchored by Kennesaw State University, the city benefits from a stable and growing local economy with a documented growth rate of 2.11% annually over the last decade, exceeding state and national averages. The area offers a mix of residential neighborhoods, retail corridors, business parks, and healthcare services, along with abundant outdoor recreation opportunities including Kennesaw Mountain National Battlefield Park, making it an attractive location to live, work, and invest.

Investment highlights

• Brand-New 15-Year Sale-Leaseback

• Absolute Triple-Net Lease Structure

• Attractive Three Percent Annual Rental Increases

• Two, 5-Year Renewal Options

• Well-established suburban corridor with convenient access to major transportation and everyday amenities

• Minutes from I-75, I-575 and Highway 41

• Close proximity to retail, dining, and service options, including national retailers, grocery stores and hotels

• Located at a signalized intersection with excellent accessibility and visibility

Listing Contacts

FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$774,125.00
$64,510.42/mo

Valuation Metrics

0
DSCR
6.97%
Cap Rate
6.97%
ROI

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Additional Information

Name
John Leonard
License
252904
Brokerage
Marcus&Millichap
Brokerage Phone
6788082700
Title
Broker of Record
Brokerage Address
1100 Abernathy Rd., | N.E. Bldg. 500, Ste. 600 Atlanta, GA 30328
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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