For Sale
$3,803,077

124 3Rd St Macon, GA 31201

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity features a 12,750 square foot, single-story urgent care facility situated on a one-acre lot in Macon, Georgia's historic district. The property is currently 100% occupied under a 12-year triple net (NNN) lease with Piedmont Urgent Care by WellStreet, commencing October 1, 2023, and expiring September 30, 2035, leaving 10.9 years remaining. The lease includes a 3% annual rent increase, ensuring consistent income growth. The asking price is $3,803,077, representing a price per square foot of $298.28 and a 6.50% cap rate based on a current net operating income (NOI) of $247,200. This investment offers a stable and predictable income stream with minimal landlord responsibilities due to the NNN lease structure. The tenant, Piedmont Urgent Care by WellStreet, is a prominent healthcare provider with a significant presence in Georgia, boasting 74 locations statewide. This location has a proven track record of success, having operated for approximately 25 years. The property's prime location within the Macon metro area ensures excellent accessibility. This is a low-maintenance, high-return investment ideal for those seeking a secure and lucrative opportunity in the healthcare sector.

Highlights

  • NNN Lease with minimal landlord responsibilities.
  • 11-year remaining lease term on a new 12-year agreement with Piedmont Urgent Care (WellStreet).
  • High-performing urgent care facility; part of a 74-location Georgia and 129-location national network.
  • Established medical facility operating in this location for approximately 25 years.
  • Convenient Macon metro area location.

Property Details for 124 3Rd St

Property type
Retail properties, Medical centers
Square Feet
12,750 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.839251199325
Longitude
-83.624569585341

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 124 3Rd St Macon, GA.
What is the asking price?
The asking price for this property is $3,803,077.
What are key features of this property?
This property features: NNN Lease with minimal landlord responsibilities.; 11-year remaining lease term on a new 12-year agreement with Piedmont Urgent Care (WellStreet).; High-performing urgent care facility; part of a 74-location Georgia and 129-location national network.
How can I contact the broker?
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124 3Rd St
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