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8.5% Cap Primary Care | 400+ Unit Tenant NNN 218 N Hwy 49 9,600 SF Office Building Byron, GA 31008 $2,125,000 ($221.35/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Medical Office Demand – Undersupply in Georgia and the Southeast supports strong demand and long-term tenant retention.
- NNN Lease – Tenant covers taxes, insurance, and maintenance, offering passive, low-touch ownership.
- Accessible Location – Minutes from I-75 with strong visibility and patient convenience.
- Rent Growth – 3% annual increases provide steady income growth and hedge against inflation.
- Strong Initial Yield – Offered at an 8.50% cap rate, supporting immediate positive leverage
- Healthcare Expansion – Emory’s acquisition of Houston Healthcare boosts regional healthcare presence and credit profile.
EXECUTIVE SUMMARY
Broker of Record
Bill Pedersen
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
Bill Pedersen
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,600 SF
Building Class
B
Year Built
1997
Price
$2,125,000
Price Per SF
$221.35
Cap Rate
8.50%
NOI
$180,625
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,175 SF
Building FAR
0.39
Lot Size
0.56 AC
Zoning
C-1
Parking
15 Spaces (1.8 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 055D-138 | Improvements Assessment | $183,200 |
| Land Assessment | $63,000 | Total Assessment | $246,200 |
PROPERTY TAXES
Parcel Number
055D-138
Land Assessment
$63,000
Improvements Assessment
$183,200
Total Assessment
$246,200
CONTACTS
-
Ryan Burke -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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8.5% Cap Primary Care | 400+ Unit Tenant NNN | 218 N Hwy 49
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