2621-2643 E Pinetree Blvd - Medical FOR SALE


Thomasville, GA 31792
$3,684,211 USD
918-794-9787
2621-2643 E Pinetree Blvd, Thomasville, GA for Sale
$3,684,211 USD
Medical - FOR SALE
1/7
null | 6.65% Cap Rate

2621-2643 E Pinetree Blvd
Thomasville, GA 31792


HIGHLIGHTS

  • Corporate-guaranteed lease by John D. Archbold Memorial Hospital, Inc. with $512M revenue and $55M net income (2024)
  • Double net (NN) lease through 12/31/2035 with renewal options through 2045
  • No early termination or kick-out clause
  • Minimal landlord responsibilities limited to roof, structure, and 50% HVAC replacement
  • Sole hospital provider in Thomas County with dominant regional position
  • Strong five-mile demographics with 31,172 population and $85,202 average household income

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical office facility leased to John D. Archbold Memorial Hospital, Inc., located in Thomasville, Georgia. The property consists of 1.85 acres improved with a 13,813-square-foot, single-story medical office building originally constructed in 2004, with a roof replacement completed in 2015, and is positioned along the heavily traveled East Pinetree Boulevard corridor. The lease commenced January 1, 2024 and runs through December 31, 2035 under a double net (NN) structure. The tenant is responsible for utilities, CAM, insurance, taxes, interior and exterior maintenance, and HVAC upkeep, while the landlord’s obligations are limited to the roof, structure, and 50% of HVAC replacement. The lease is corporately guaranteed by John D. Archbold Memorial Hospital, Inc., which generated $512 million in total revenue and $55 million in net income in 2024, with two additional five-year renewal options extending the potential lease term through December 2045. In Association With: Brian Lane - GA Lic. #242513

FOR SALE DETAILS

PRICE

$3,684,211 USD

PRICE/SF

$267 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Archbold Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

2

APN/PARCEL ID

010-001008

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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