1551 Jennings Mill Rd 1400b,Watkinsville, GA 30677
Watkinsville, GA 30677
Description
Now offered for sale as a stabilized, income-producing investment, this 3,200 SF Class B professional office unit is 100% leased to a single tenant in a highly desirable Watkinsville location. Positioned along Jennings Mill Road, just minutes from Epps Bridge Parkway, GA 316, and downtown Athens, the property provides excellent access to major corridors, strong visibility, and proximity to retail, dining, and residential growth in Oconee County. Unit 1400B spans three levels - a 1,200 SF lower level and 2,000 SF across the main and second floors - featuring flexible layouts, modern finishes, and ample natural light. The in-place tenant has approximately 4.5 years remaining on a 5-year lease with 4% annual rent escalations already built in, delivering secure, growing cash flow from day one with meaningful upside for an investor over the lease term and beyond, in one of the region's more desirable office markets. Full lease abstract and financials available upon request. Investment highlights List Price: $725,500 Cap Rate: 7.0% (based on Year 1 NOI) Year 1 NOI: $50,784 100% leased to a single tenant - ~4.5 years remaining on a 5-year term 4% annual rent escalations built in - contractual NOI growth every year In-place rent: $15.87/SF/YR + TICAM + utilities (TICAM = $4.23/SF/YR reimbursed by tenant) Passive, low-management single-tenant investment
Details
| MLS # | CL361905 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| HOA Dues | $1,134 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1998 |
| Days On Site | 40 |
| Listing Provided By | Virtual Properties Realty | Jacob Blickenstaff |
Features
| SQ Feet | 3,200 |
|---|---|
| Story(s) | 3 |
| Acreage | 0.03 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air, Electric |
Exterior
| Community Features | Curbs, Gutter(s), Sidewalks |
|---|---|
| Construction Materials | Brick |
| Security Features | None |
Utilities
| Utilities | Underground Utilities |
|---|
Taxes
| Tax Legal Description | x |
|---|
Area Information
| State | GA |
|---|---|
| County | Oconee Co. |
| City | Watkinsville |
| Zip Code | 30677 |
| Listing VS Median (in 30677) | |
Price: $725,500 low | high Med: $627,350 sqft: 3,200 low | high Med: 3,105 $ / sqft: $227 low | high Med: $204 On site: 40 low | high Med: 60.5 | |
Market Activity 30677
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Learn More About This Property
| State | GA |
|---|---|
| County | Oconee Co. |
| City | Watkinsville |
| Zip Code | 30677 |
| Listing VS Median (in 30677) | |
Price: $725,500 low | high Med: $627,350 sqft: 3,200 low | high Med: 3,105 $ / sqft: $227 low | high Med: $204 On site: 40 low | high Med: 60.5 | |
