For Sale
$1,375,000

1078 Plaza AveEastman, GA 31023

High-yield retail property, strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This fee-simple retail property at 1078 Plaza Ave, Eastman, GA 31023, offers a compelling investment opportunity. The 7,122 square foot building, constructed in 2001 and situated on a 0.76-acre lot, is currently leased to Fresenius Medical Care under a Net Net (NN) lease with 7.5 years remaining. The lease includes two 5-year options, providing long-term income security. Fresenius Medical Care has been a tenant for over two decades, demonstrating a strong commitment to the location. The property boasts a 6.45% cap rate and a Net Operating Income (NOI) of $88,746.08, representing a significant return on the $1,375,000 asking price. Its prime location on the Dodge County Hospital campus ensures high visibility and accessibility, attracting a steady stream of potential customers. The well-maintained building is ideally suited to its current medical tenant and the overall investment offers a blend of stability and future potential. This is a rare opportunity to acquire a high-performing retail property in a desirable location with a strong, long-term tenant.

Highlights

  • High-visibility, 7,122 SF building on Dodge County Hospital campus, excellent access for local residents and healthcare businesses.
  • 2001-built, 7,122 SF medical building currently occupied by Freneuis Medical.
  • Freneuis Medical, a long-standing (20-year) tenant with a strong presence in the Eastman community.
  • 90 months remaining on the lease, providing stable income and future repositioning opportunities.

Property Details for 1078 Plaza Ave

Property type
Retail properties
Square Feet
7,122 SF
Year Built
2001
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Eastman
County
Dodge
State
Georgia
Latitude
32.1836621
Longitude
-83.1778912
1078 Plaza Ave, Eastman, Georgia

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1078 Plaza Ave
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