1851 Manchester ExpyColumbus, GA 31904

This Columbus, GA medical office building presents a compelling investment opportunity. The 11,600 square foot property, built in 1999 and situated on one acre, boasts 100% occupancy with two credit-rated national tenants: Fresenius Kidney Care and Eyeglass World. These established tenants have a combined 50 years of tenancy at this location and benefit from a lease with 4.5 years remaining, featuring annual rent bumps averaging 1.97%. The property offers two five-year lease options, ensuring long-term stability. The building enjoys a prime location on Manchester Expressway, experiencing high traffic counts and proximity to St. Francis Emory Hospital. Recent capital improvements include a new drainage system (2024). The stabilized investment offers a 7.26% cap rate with a net lease structure and a strong NOI of $161,582. The asking price is $2,250,000 ($191.81/sq ft), representing a below-market rent and below replacement cost opportunity. The area demonstrates robust population growth (8.8% since 2020), further enhancing the investment's potential. This property provides investors with exceptional value, upside potential, and significant stability.