| PRICE : | $1,456,426 |
|---|---|
| CAP RATE: | 6.5% |
| PROPERTY TYPE: | Office |
| SITE SIZE: | 0.74 Acres |
| BUILDING SIZE: | 5,837 SF |
| YEAR BUILT: | 1985 |
Highlights
- • ± 5,837 SF medical office building in Riverdale, GA
- • Ideal property for a 1031 exchange
- • National tenant with 10 years remaining on initial lease term
- • 2022 new interior refresh and exterior improvements
- • New NNN lease signed January 2023
- • Great visibility and high profile location
- • Located less than half mile from Southern Regional Medical Center Hospital
Description
Bull Realty is pleased to present the opportunity to acquire this newly remodeled single tenant NNN leased medical office building located near the Southern Regional Medical Center Campus in Clayton County, Georgia. The brand new 2022 renovations include an interior refresh with new flooring, paint, restroom upgrades, led lighting throughout and the exterior improvements include new landscaping and roof repairs. Additionally, the property is professionally managed.
Success on the Spectrum (SOS) has a national presence with multiple locations Arizona, Utah, Minnesota, Colorado, Missouri, Michigan, Georgia, Texas, New York, Virginia, Florida, North Carolina and New Jersey. SOS provides ABA Therapy for children and caregiver training for parents. Their goal is to help children develop self-control, independence, and a positive self-concept in a fun engaging environment.
The new single tenant NNN lease that commenced January 2023, has 10 years remaining term with 3% annual escalations, one 5-year renewal option and a Tenant personal guaranty.
Please execute and return the Confidentiality Agreement on the last page of this Offering Memorandum if you would like to review the property financials and lease agreement.
