For Sale
$1,265,000

150 Crest Blvd Macon, GA 31210

Single-tenant, 9.31% cap rate, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This Macon, Georgia medical office building presents a compelling investment opportunity. The 5,600 square foot property is 100% occupied by BlueSprig Pediatrics, Inc., a leading ABA therapy provider with a corporate guarantee. The Net Lease structure features a 5-year lease commencing October 31, 2022, and expiring October 30, 2027, with two five-year renewal options. Rent bumps are structured at 1% in Option One and 5% in Option Two. The property boasts a strong 9.31% cap rate and a Net Operating Income (NOI) of $117,770. Built in 1995 and renovated in 2022, this single-tenant medical office is situated on a 0.58-acre lot at 150 N Crest Blvd, Macon, GA 31210. The property benefits from a strong demographic location within Macon, a city with a population exceeding 62,000 within a 10-mile radius. The area has experienced recent economic development, including housing growth and downtown revitalization. The tenant's strong financial backing and the rapidly growing ABA therapy industry contribute to the investment's stability and potential for long-term returns. The asking price is $1,265,000, translating to $225.89 per square foot.

Highlights

  • BlueSprig Pediatrics, the nation's largest ABA therapy provider, occupies the space.
  • Investment-grade tenant, Blue Sprig Pediatrics, backed by KKR (NYSE: KKR), operates under a net-net lease.
  • Excellent demographics: Macon, GA boasts a population exceeding 62,000 within a 10-mile radius.
  • Strong location with recent economic development, including new housing and downtown revitalization.
  • Investment in a rapidly growing industry with significant insurance support; autism prevalence has doubled since 2000.
  • Stable, destination-driven business model ensures consistent tenant occupancy.

Property Details for 150 Crest Blvd

Property type
Office properties, Medical offices
Square Feet
5,600 SF
Year Built/Renovated
1195/2022
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.9036836
Longitude
-83.6930944

FAQs

What type of property is this?
Office property - Single-tenant, 9.31% cap rate, strong lease.
Where is the office property located?
The property is located at 150 Crest Blvd Macon, GA.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: BlueSprig Pediatrics, the nation's largest ABA therapy provider, occupies the space.; Investment-grade tenant, Blue Sprig Pediatrics, backed by KKR (NYSE: KKR), operates under a net-net lease.; Excellent demographics: Macon, GA boasts a population exceeding 62,000 within a 10-mile radius.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
150 Crest Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message