1120-1124 13th St
Columbus, GA 31901
Columbus Dialysis & Adult Daycare · Office Property For Sale

The Columbus Dialysis / Adult Daycare is located at 1120 13th Street in Columbus, Georgia. The 11,756-square foot medical office was constructed in 1960, renovated in 2004 and is situated on 0.91 acres of land. This property provides an investor with stable cash flow at an 8.5% CAP rate from two long-term leases. Both tenants excel in the local demographic, have low rents, and have high exit costs. The property is close to the local hospital system and the surrounding area is experiencing high levels of redevelopment and revitalization. In short, this asset provides a prospective buyer with stable income, a low likelihood of having to re-lease either space, and strong potential to increase cash flow as market rents rise due to the revitalization of the surrounding area. Columbus is a city in the U.S. state of Georgia and the county seat of Muscogee County, with which it is consolidated. According to the 2013 estimates from the U.S. Census Bureau, Columbus has a populations of 202,824, with 316,554 in the greater Columbus-Phenix City metropolitan area. The metro area joins the nearby Alabama cities of Auburn and Opelika to form the Columbus-Auburn-Opelika Combined Statistical Area, which has an estimated population of 501,649. Columbus is directly to the east across the Chattahoochee River from Phenix City, Alabama. Situated at the heart of the Chattahoochee Valley, Columbus is Georgia's second-largest city and forth-largest metropolitan area.