124 3rd St - Medical FOR SALE


Macon-Bibb, GA 31201
$3,803,077 USD
678-920-1222
124 3rd St, Macon-Bibb, GA for Sale
$3,803,077 USD
Medical - FOR SALE
1/8
null | 6.5% Cap Rate

124 3rd St
Macon-Bibb, GA 31201


HIGHLIGHTS

  • 11 Years Remaining on the NNN Lease
  • Successful Long Term medical practice

OVERVIEW

Southtree Commercial is pleased to present this exceptional investment opportunity of Piedmont Occupational Medicine, a facility spanning 12,750 square feet on a prime 1.00-acre lot located in the historical district of Macon, GA. Currently leased to Piedmont Urgent Care by Wellstreet, LLC, this asset offers an impressive 11 years remaining on a Triple Net (NNN) lease, providing a stable and predictable income stream. The land is currently ground leased to the Landlord, with 48 years remaining in term. The Occupational Medicine group has experienced great success and shown a strong commitment to this location. They began occupancy in April of 2001, remaining in place for 23 years, and recently signing a new 12 year lease extension.

FOR SALE DETAILS

PRICE

$3,803,077 USD

PRICE/SF

$298 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

97

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,724 SF

ZONING

CBD-1

APN/PARCEL ID

R073-0108

ASK ABOUT THIS PROPERTY

Sean RawsonSouthtree Commercial Real EstateMore Info
678-920-1222

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Sean RawsonSouthtree Commercial Real EstateMore Info
678-920-1222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.