1501 13Th AveColumbus, GA 31901

This fee-simple, single-tenant office building presents a compelling investment opportunity. Located at 1501 13th Ave, Columbus, GA 31901, this 11,835 square foot property boasts a strong 8.50% cap rate and a Net Operating Income (NOI) of $136,099. The property, built in 1983 and situated on 1.5 acres, features two buildings and is currently 100% occupied by iHeartRadio under a NNN lease with a corporate guarantee. The lease commenced June 6, 2009, and extends to September 30, 2032, offering a remaining term of approximately 7.9 years. The lease includes two options and a 3% annual rent increase. The current rent is $14.19 per square foot, significantly below market rates of $20 per square foot. Columbus, Georgia's third-largest city, benefits from a robust economy anchored by Fort Moore (America's third-largest military base), Piedmont Health, Kia Motors, and Anthem Blue Cross. The area exhibits low office vacancy (approximately 5%) and significant ongoing development, including a $50 million Golden Park expansion and a $206 million Pratt & Whitney Aerospace expansion, further enhancing the property's long-term value. The asking price is $1,601,164. This represents a compelling investment in a stable, high-growth market with a blue-chip tenant.