Brand New Class A Property:
- The Rise Living offers the opportunity to own a newly built and stabilized Class A asset below today’s replacement cost.
- Average Household Income in the 1 mile radius is over $70,000.
Rent Growth Potential:
- Rents are on average $90 per unit per month below current rent schedule. Renewing rents at the current asking rates provides the opportunity to achieve an additional $138,000 in annual Net Rental Income.
- Comparable Properties in the area support additional rent increases providing the opportunity for an additional $45,000 in annual Net Rental Income.
Strategic Location:
- Proximity to Atlanta: Situated just 25 miles southeast of Atlanta, Conyers benefits from the spillover effect of the city’s booming economy and increasing population.
- Excellent transportation access: Interstate 20, Highway 78, and Hartsfield-Jackson Atlanta International Airport provide convenient connections for businesses and customers.
- Growing infrastructure: Development projects like the Conyers Interstate Business Park and the expansion of the Rockdale Medical Center are attracting new businesses and bolstering the local economy.
Economic Growth:
- Diversifying industries: Conyers is transitioning from a manufacturing-based economy to include sectors like healthcare, logistics, and professional services, offering stability and resilience.
- Growing population and workforce: The population of Conyers is projected to reach 112,000 by 2030, bringing a larger pool of potential customers and employees.
- Increasing median income: Household incomes in Conyers are on the rise, reaching $74,000 in 2022, indicating a growing spending power and potential for rental demand.