Listing Summary
Single-tenant office investment in Morrow, GA (Atlanta MSA). $6.35M asking price, 8.4% Cap Rate, 13.5-year lease fully backed by State of Georgia AAA credit.
Full Description
Single-Tenant Net-Leased Office Investment | 1335 Citizens Pkwy, Morrow, GA
Presenting an exceptional single-tenant, state-leased commercial real estate investment opportunity in the Atlanta Metropolitan Area: 1335 Citizens Parkway in Morrow, Georgia. Offered at $6,350,000, this 14,597 SF Class B office building is situated on 1.13 acres and delivers a competitive 8.4% Cap Rate backed by a long-term 13.5-year lease.
The facility is 100% occupied by the Georgia Department of Community Supervision (DCS), an essential state government agency. With full lease backing from the AAA credit rating of the State of Georgia, this offering represents a rare combination of high yield, long-term stability, and premier government tenant creditworthiness.
2024 Build-to-Suit Renovations & Capital Improvements
To support the specialized operational requirements of the Department of Community Supervision, the property underwent extensive interior and exterior remodeling in 2024. These extensive tenant-tailored upgrades significantly reduce immediate capital expenditure risks for incoming investors:
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Roofing: Newly installed commercial roof system.
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HVAC Systems: Upgraded heating, ventilation, and air conditioning equipment for maximum operational efficiency.
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Site Infrastructure: Resurfaced and re-striped parking lot along with updated exterior lighting and landscaping.
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Interior Layout: Custom build-out designed for administrative office work, secure consultation rooms, and public service management.
Strategic Mission-Critical Government Tenancy
The Georgia Department of Community Supervision (DCS) plays a vital role in public safety across the state, overseeing community-based supervision and rehabilitation through a dedicated network of 55 field offices. Because this facility functions as a core operational hub for North Clayton County and the greater Atlanta submarket, it represents a highly sticky, mission-critical site for state operations.
Prime Logistics & Submarket Position: Morrow (Atlanta MSA)
Located south of Downtown Atlanta in Clayton County, Morrow serves as a thriving commercial center and key bedroom community within the Atlanta MSA.
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Corridor Positioning: Situated directly within Morrow’s primary commercial and retail district.
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Highway Accessibility: Minutes from major transportation arteries, including Interstate 75, Interstate 85, and the I-285 Perimeter loop, allowing efficient travel across metro Atlanta.
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Airport Proximity: Located within the North Clayton / Airport office market, offering rapid connectivity to Hartsfield-Jackson Atlanta International Airport.
Property Specifications & Offering Overview
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Property Address: 1335 Citizens Pkwy, Morrow, GA 30260
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Offering Price: $6,350,000
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Cap Rate: 8.4%
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Lease Term Remaining: 13.5 Years
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Tenant: State of Georgia (Georgia Department of Community Supervision)
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Credit Rating: AAA (State Guarantee)
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Building Area: 14,597 SF
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Lot Size: 1.13 Acres
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Occupancy: 100%
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Year Built / Renovated: 1984 / 2024
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Building Class: Class B
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Stories: 1
Quick Glance
- Listing ID:
CL-Georgia-28170
- Status:
Active
- Year Build:
1984
- Building Size:
14,579 SqFt
- Lot Size:
1 Acr
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