For Sale
$3,500,000

10 Main St Market PlCartersville, GA 30121

Georgia medical office, strong tenant, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 5,000-square-foot Class A medical office building in Cartersville, Georgia, currently leased to Piedmont Healthcare under a Net Lease (NN+) agreement. Built in 2018, the single-story building boasts a state-of-the-art design and is situated on a one-acre lot at a signalized intersection on E. Main Street, a major commercial thoroughfare with 21,910 vehicles per day. The property includes 20 parking spaces and benefits from a 10-year lease (commencing February 1, 2019, and expiring January 31, 2029), with 2% annual rent increases. The lease features two five-year renewal options, providing long-term stability and a strong hedge against inflation. The current Net Operating Income (NOI) is $171,022, resulting in a 4.89% capitalization rate. The asking price is $3,500,000, translating to $700 per square foot. Piedmont Healthcare, a highly credit-rated tenant with a substantial portfolio, provides a corporate guarantee, minimizing risk. This property offers a compelling combination of strong tenant occupancy (100%), a desirable location, and significant long-term growth potential. The building is the first urgent care facility in Northwest Georgia with full accreditation by the Urgent Care Association of America. This is a rare opportunity to acquire a high-quality, income-producing asset with a proven track record.

Highlights

  • High-traffic location ideal for urgent care facilities.
  • Backed by the financial strength of Piedmont Healthcare's corporate guarantee.
  • Rent increases annually by 2%.
  • Convenient access via signalized intersection.
  • High-quality building construction.

Property Details for 10 Main St Market Pl

Property type
Office properties, Medical offices
Square Feet
5,000 SF
Class
A
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Cartersville
County
Bartow
State
Georgia
Latitude
34.1725367
Longitude
-84.7807339
10 Main St Market Pl, Cartersville, Georgia

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10 Main St Market Pl
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