1851 Manchester ExpyColumbus, GA 31904

Property Details for 1851 Manchester Expy

Year built

1999

Construction

STEEL FRAME

Lot size

0.74 AC

Property size (Sq ft)

8,458 SF

Property type

Other commercial real estate

APN

034 025 001

APU

34025001

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,231,385

  Hospitality

  $1,127,942

  Educational

  $938,435

  Medical

  $970,709

  Retail

  $1,459,787

Location Insight

City

Columbus

County

Muscogee

State

Georgia

Latitude

32.5075

Longitude

-84.9647

CBSA code

17980

CBSA name

COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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