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SOLD | Two Medical Office Buildings Occupied by Piedmont Healthcare | Atlanta MSA

3869 Highway 81
Loganville, GA 30052
PRICE : Contact Bull Realty for information
PROPERTY TYPE: Office
BUILDING SIZE: 20,506 SF

Description

Bull Realty is pleased to present you with the opportunity to acquire a Piedmont Healthcare Medical Center in Loganville, GA. Clearview Regional Medical Center was established in this market in 1959 and was acquired by Piedmont Healthcare on March 31, 2018 and renamed Piedmont Walton Hospital, Inc. The practices at this satellite Medical Office Building (MOB) were included in the transaction.

Piedmont operates a Women’s Healthcare Clinic and a Gastroenterology Clinic which includes an Endoscopy / Surgery Center at this location.

The single tenant lease is NNN with 2% annual escalations, two 5-year options to extend at the continuing rate and continuing escalation and a Corporate Guarantee from Piedmont Healthcare. Moody’s Credit Rating on Piedmont is currently Aa3 and the S&P Rating is AA-. Piedmont currently owns and operates 11 hospitals, has 100+ locations and over 14,000 employees.

Also, offered with this opportunity or separately, a Piedmont Pediatric MOB in Newnan, GA is available for your consideration. This single tenant lease has minimal landlord obligations, established base years for taxes and insurance, 2.5% annual escalations and renewal options.

Piedmont Pediatrics has been at this location since 1992 and contributed $158,000 in capital improvements when the property was completely renovated in 2014. This location is strategically positioned in the suburbs near high-end retail and restaurants.

The Seller would like to move forward with the first acceptable offer for either or both assets. If you would like to receive additional information on the opportunity, please execute and return the CA on the last page of this Offering Memorandum.

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