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VA Athens Clinic 9249 Highway 29 S 13,168 SF Office Building Athens, GA 30601 $3,295,000 ($250.23/SF) 6.96% Cap Rate
Investment Highlights
- 100% occupied by the U.S. Department of Veterans Affairs under a federal government lease.
- Annual CPI-linked operating-cost adjustment plus a separate real-estate-tax adjustment mechanism.
- Immediate retail adjacency and a new adjacent 109-site Rosewood Reserve RV Park next door.
- Established VA medical use as a Community-Based Outpatient Clinic serving veterans since 2007.
- Recent capital improvements completed including a 2025 roof replacement and multiple HVAC replacements.
Executive Summary
Federal medical tenancy. Visible cash flow. $218K+ documented owner + VA investment in the facility. Growing Hwy 29 location.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,168 SF
Building Class
C
Year Built/Renovated
1987/2007
Price
$3,295,000
Price Per SF
$250.23
Cap Rate
6.96%
NOI
$229,332
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,168 SF
Building FAR
0.09
Lot Size
3.37 AC
Zoning
COMMERCIAL - Commercial
Parking
240 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Signage
- Reception
- Central Heating
- Air Conditioning
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 0032-025 | Improvements Assessment | $215,910 |
| Land Assessment | $68,440 | Total Assessment | $284,350 |
Property Taxes
Parcel Number
0032-025
Land Assessment
$68,440
Improvements Assessment
$215,910
Total Assessment
$284,350
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Contact the Sale Advisor
VA Athens Clinic | 9249 Highway 29 S