1851 Manchester Expy - Storefront Retail/Office FOR SALE
Columbus, GA 31904 |
$2,250,000 USD
813-210-7741
1851 Manchester Expy
Columbus, GA 31904
HIGHLIGHTS
- Premium Location with Strong Traffic Count ? Less Than Half Mile from St. Francis Emory Hospital ? Over 35,000 Average Vehicles Per Day on Manchester
- Publicly Traded National Tenancy ? Fresenius (FMS) and Eyeglass World (EYE)
- Longstanding Tenancy with Lease Extensions ? Both Tenants are Original to Building and Account for a Combined 50 Years of Tenancy at Location
- Annual Rental Increases ? Avg. of 1.97% Annual Rental Increase Across Building
- Below Replacement Cost & Below Market Rent ? Provides Investor with Great Value, Upside, and Stability
- Recent Capital Improvements ? New Drainage System Completed in 2024
FOR SALE DETAILS
PRICE
$2,250,000 USD
PRICE/SF
$194 USD /SF
CAP RATE
7.26%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fresenius Medical Care | Eyeglass World
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.74 AC
LAND SF
32,234 SF
ZONING
Commercial
APN/PARCEL ID
034-025-001
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813-210-7741
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813-210-7741
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