1078 Plaza AveEastman, GA 31023

Property Details for 1078 Plaza Ave

Year built

2001

Lot size

0.76 AC

Property size (Sq ft)

6,942 SF

Property type

Medical offices

Property subtype

Medical centers

APN

048 002J

APU

048002J

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,014,823

  6.5%

  $936,760

  7%

  $869,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,181,756

  Geo Method

  $1,181,756

• Alternative Use

  Use

  Valuation

  Residential

  $1,161,582

  Hospitality

  $1,064,003

  Educational

  $885,238

  Medical

  $915,682

  Retail

  $1,377,036

Location Insight

City

Eastman

County

Dodge

State

Georgia

Latitude

32.1836

Longitude

-83.1778

Property Tax & Assessments

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