SVN is pleased to exclusively offer this Net Leased Medical Office Investment with Bright Light Behavioral & Development Services as the Lessee. Bright Light is an Applied Behavioral Therapy (ABA) provider with (2) locations and over 20 therapists on staff with a lease expiration date of April 30, 2026. Net Operating Income (NOI) is $23,077.01, which equates to an 8.0% capitalization rate based on a 12-month cash flow projection ending April 30, 2022.
Rincon is located just outside of Savannah in Effingham County and is approximately 5 miles from I-95 at Exit 109 with a strong spending population of 50,000+ residents and an average household income in excess of $72,000. Rincon's tremendous population growth of 57.6% in the last decade, and the county's impressive growth of 30%, has caught the attention of many national retailers has such as Lowe's, Goody's, Hibbett Sports, Tractor Supply, Walgreen's, Game Stop and DQ. GA Highway 21 is the main thoroughfare in and out of the county. The traffic count is approximately 35,000 vehicles per day.