9 Medical Dr NE - Medical FOR SALE


Cartersville, GA 30121
$4,000,000 USD
704-228-1116
9 Medical Dr NE, Cartersville, GA for Sale
$4,000,000 USD
Medical - FOR SALE
1/9
null | 7% Cap Rate

9 Medical Dr NE
Cartersville, GA 30121


HIGHLIGHTS

  • Passive Investment - Two new Triple Net (NNN) leases signed by Georgia Urology and Piedmont Healthcare providing a secure and passive investment
  • Strong Tenancy - Georgia Urology is the southeast's leading independent urology practice with over 80 providers across more than 30 locations
  • Long-Term WALT - Georgia Urology and Piedmont Healthcare recently signed new leases, bringing the Weighted Average Lease Term to 7.5 years
  • Annual Rent Escalations - Both leases boast 3% annual escalations. Annual rent escalations are a necessity for a safe investment
  • Medical Corridor - The property is located in a strong healthcare corridor and just across the street from Piedmont Cartersville Medical Center
  • Growing Demographics - There are 53,773 residents with an average household income of $89,617 within a 5-mile radius of the property

OVERVIEW

Franklin Street is pleased to present an outstanding investment opportunity for medical office investors at 9 Medical Dr Northeast, Cartersville, GA. This 10,750 SF property with 2 units, built in 2006 and zoned C1, offers a compelling 100% occupancy rate. Take advantage of two newly signed Triple Net (NNN) leases by Georgia Urology and Piedmont Healthcare, providing a secure and hassle free investment for passive income. With lease terms averaging 7.5 years, 3.00% annual escalations, and reputable tenants including the prominent Georgia Urology and Piedmont Healthcare, this property ensures stable and lucrative returns for a strong investment.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

C1, County

APN/PARCEL ID

C101-0001-005

ASK ABOUT THIS PROPERTY

Paul TimmonsFranklin StreetMore Info
704-228-1116

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Paul TimmonsFranklin StreetMore Info
704-228-1116

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