Health System Tenancy – The property is strategically anchored by Northside Hospital which leases approximately 5,200 square feet, or 34% of the rentable square footage through May 2032.
Ideal Reimbursement Structures – The property is 100%, NNN leased with tenants reimbursing the typical operating expenses for taxes, insurance, and maintenance. This structure is ideal for out-of-state investors or those seeking reliable, passive income.
Growing Rents – Annual rental increases at the property range from 2.5% – 4.00%, providing owners with increased rental income, a hedge against inflation, and rental rates that align with growing market averages.
Favorable Asset Class – Healthcare real estate has a strong history of providing landlords with favorable tenants and lease terms. Factors such as long-term tenancy, higher average rental rates, high-cost build outs, and increased value drive the demand for this type of property.
Class A, Recent Vintage Product – The property was constructed in 2014 and features institutional, Class A finishes. The relatively recent vintage of the property ensures that required capital expenditures are minimized in the near term.
Highly Visible – This property sits right on the frontage road to State Route 316 (31,900 VPD), one of the main thoroughfares from Atlanta to Athens, home of the University of Georgia. With a 5-year plan to expand and improve this route, more vehicles are anticipated to pass this asset, especially as the University enrollment continues to grow.
Top State for Business – Georgia holds an 11-year record for being voted the #1 state for business due to its robust workforce, infrastructure, and policies.
Retail Centric – Various national brands such as Target, PetSmart, Chick-fil-A, and Publix encompass the interchange near this property, providing ease of access and location familiarity.