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Freestanding Medical Office Opportunity | ±9,049 SF

1565 Highway 34 East
Newnan, GA 30265
PRICE : $1,100,000
CAP RATE: 14%
PROPERTY TYPE: Office
BUILDING SIZE: 9,049 SF
YEAR BUILT: 2000

Highlights

  • ±9,049 SF freestanding, two-tenant medical office building
  • 5,784 SF former dialysis space available for occupancy (can be subdivided as small as 2,000 SF)
  • 4-sided brick construction
  • Excellent street exposure on Highway 34 with strong traffic counts
  • Approximately 1 mile from I-85 on main thoroughfare between Newnan, Peachtree City, Fayetteville and Jonesboro
  • Strong demographics - 3-mile radius Average HH Income of $82,411
  • Tenant is American Health Imaging (32 locations in 4 states) - Tenant been in place since 2001 with current lease expiring June 2021. Has two 5-year options to renew with escalations.
  • Huge upside in leasing vacant space (proforma 14% cap rate)

Description

Opportunity to acquire a ±9,049 SF, two-tenant, medical office opportunity in Newnan on Highway 34 with huge upside potential.

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