678-283-0136
22 Madras Pky, Newnan, GA for Rent

$23.00 USD /SF/yr

Medical - For Rent
1/57
8,872 SF | 1 Space

22 Madras Pky
Newnan, GA 30263


HIGHLIGHTS

  • ±8,878 SF NNN Lease at $23/SF including $2.41/SF TI Allowance
  • Fully functioning staff and medical operational areas | Built as a Hospice
  • Septic tank just replaced with sewer connection (@$50,000+ cost)
  • Plans under way to connect Madras Parkway to Highway I-85
  • Patient-to-primary-care-physician ratio of 2,205 to 1 versus 1,500 to 1
  • Total addressable market within the PMA exceeds $175 million annually

OVERVIEW

This ±8,878 SF property is immediately available and located in the area of Newnan, GA. This 12-unit healthcare facility was built in 2009 and zoned R-C (Rural Conservation.) Seller will support rezoning or Special Use Permit application. Originally built as a hospice, the property is also suited for medical uses such as a clinic or urgent care center requiring zoning approval. This facility includes fully operational medical areas including a medication room, medical waste room and nurses’ work room. The 12 units suitable for exam and treatment rooms; each room contains a shared full bathroom arrangement (Jack & Jill) with shower, commode and sink. Property amenities also include a reception area, conference room, chapel, kitchenette and laundry room. Gas-powered generator, sprinkler, video cameras Madras Parkway is being expanded to connect to I-85 increasing traffic; such expansion is driving plans for a potential adjacent Kroger Mart to be built. Facility is located in a wealthy are of Newnan, less than one mile from the Newnan Country Club. Data for Coweta County reveals a patient-to-primary-care-physician ratio of 2,205 to 1. This ratio is significantly higher than the benchmark of 1,500:1 that is often considered the minimum for adequate access, and it points to a market under significant strain. The 5-mile PMA is characterized by a dense and growing population of 64,779 residents in 24,806 households. The area exhibits strong economic vitality, with a median household income of $96,972 and an average household net worth of $1,430,003, which surpasses both city and state averages. This economic strength, coupled with high local home values, indicates a significant capacity for healthcare spending. Based on established consumer spending data provided by ESRI showing the average healthcare spent per household within a 5-mile is $8,015; thus, the total addressable healthcare market within the PMA is estimated to exceed $175 million annually, representing a substantial revenue pool for a new market entrant.

RENTAL DETAILS

SPACE AVAILABLE

8,872 SF

# OF SPACES

1

RENT/MONTH

$17,005 USD /mo

RENT RATE (MO)

$1.92 USD /SF/mo

RENT RATE (YR)

$23.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

8,878 SF

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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