For Sale
$3,006,000

1002 Boulder DrGray, GA 31032

High-Yield Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6,904 square foot medical office building presents a compelling investment opportunity in Gray, Georgia. Located at 1002 Boulder Dr, this property boasts a prime location on the bypass, conveniently situated across from Ingles grocery store and adjacent to Morris Bank, ensuring high visibility and accessibility. Built in 2006 and zoned C-3, the building is currently leased to US Renal Care, a prominent national healthcare provider with a significant patient base exceeding 26,000 across 33 states and over 400 facilities. US Renal Care has occupied the space since September 2006, demonstrating long-term stability and commitment, further solidified by a 5-year lease renewal exercised in November 2021. The property sits on a 0.94-acre lot and offers a strong net operating income (NOI) of $188,545, translating to an attractive 6.25% cap rate with built-in annual increases of 2.25%. This investment presents a rare opportunity to acquire a stable, high-performing medical office building with a strong tenant and significant upside potential. The asking price is $3,006,000. This property is an excellent addition to any diversified real estate portfolio.

Highlights

  • Strong, long-term tenant, US Renal Care, in place since September 2006, with a recent 5-year renewal.
  • Creditworthy tenant, US Renal Care, operating over 400 facilities nationwide.
  • Net Operating Income (NOI) of $188,545, representing a 6.25% cap rate with 2.25% annual rent increases.

Property Details for 1002 Boulder Dr

Property type
Office properties, Medical offices
Square Feet
6,904 SF
Year Built
2006
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Gray
County
Jones
State
Georgia
Latitude
33.0020871
Longitude
-83.5465348
1002 Boulder Dr, Gray, Georgia

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1002 Boulder Dr
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