Asking Price: $1,200,000
Building Size: 9,049 SQ FT
Cost per Square Foot: $132.61
Opportunity to acquire a ±9,049 SF, two-tenant, medical office opportunity in Newnan on Highway 34 with huge upside potential.
Key Points: ±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 13% cap rate)