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1075 LaFayette Pkwy, LaGrange, GA, 30241

LaGrange Med Ventures
$11,785,000

Key Information

Cap Rate
7.53%
$ per SF
$529
Tot. SF
22,248
Year Built
2015
Term Remaining
±7.78 Yrs
Type
Healthcare
Occupancy
100%
NOI
$887,594

Highlights

  • Highly Favored Asset Class: Medical outpatient buildings provide investors with favorable tenant types due to their tendency toward long-term occupancy, higher average rental rates, and improved value for real estate.
  • Passive Lease Structure: The absolute NNN lease included with this property creates a highly passive ownership scenario, providing more predictable income with all expenses passed through to the tenant.
  • Growing Rental Rates: Annual rental increases are imperative to investment real estate, providing a hedge against inflation and improved return metrics over the remaining term.
  • Sticky Tenancy: Apex Medical Surgery Center occupies roughly 23% of the property, making this a highly valuable location for medical operators due to Georgia’s costly Certificate of Need laws.
  • Metro Midpoint: LaGrange sits between two of Georgia’s largest cities and provides a hub for not only commerce and industry, but also a growing medical presence serving the region.

Photos

Location

Agents

Broker of Record

Bill Pedersen

License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203