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Southeast Primary Care 218 N Hwy 49 9,600 SF 100% Leased Retail 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
Building Size
9,600 SF
Building Class
B
Year Built
1989
Price
$2,125,000
Price Per SF
$221.35
Cap Rate
8.50%
NOI
$180,625
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.56 AC
Zoning
C-1
Parking
15 Spaces (1.56 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lucky Duck Internet Cafe
- Retailer
- -
- $5.63
- Triple Net
- Jun 2012
- Palms Medical Transport
- Health Care and Social Assistance
- -
- $8.00
- Triple Net
- Mar 2011
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lucky Duck Internet Cafe | Retailer | - | $5.63 | Triple Net | Jun 2012 | |
| Palms Medical Transport | Health Care and Social Assistance | - | $8.00 | Triple Net | Mar 2011 |
NEARBY MAJOR RETAILERS
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
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Southeast Primary Care | 218 N Hwy 49
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