Listed by Newmark - Atlanta - 3455 Peachtree Road, Newmark - Phoenix
$4,573,231
39 Oak Hill Ct
Details
Property Type Retail
Sub Type Commercial
Square Footage 10,598
Cap Rate 8.00%
NOI $365,858
Occupancy 100%
Tenancy Single
Lease Expiration 08/18/2032
Year Built 2009
Stories 1
Acreage 0.790
Parking Spaces 120 spaces
Parking per 1,000 SqFt 11.32
Lease Commencement 08/19/2022
Retail | 8.00% CAP | 10,598 SF
Marketing description
Opportunity to acquire a +/- 10,000 SF property leased to the U.S. Department of Veterans Affairs. The subject property is located in the State of Georgia with lease expiration in 2032. The clinic was built-to-suit and custom-designed facilities to comply with Veterans Affairs specifications and requirements. The +/- 10,000 SF VA Newnan clinic provides laboratory blood draws, clinical testing, pathology, primary care, internal medicine, and specialty health services, including treatment for lung disease. The clinic’s lab has the capabilities to study bodily fluids for illness management, tests for infectious diseases, cytopathology (the study of unusual cells), and autopsy services.
Investment highlights
- Leases are guaranteed by the full faith and credit of the United States of America (Aaa credit rating)
- Build-to-Suit construction and custom-designed facility to comply with Veterans Affairs specifications and requirements
- Significant lease term remaining with lease expiration in 2032 (Newnan)
- Operating expense rent increases at a guaranteed rate of 2% annually
Listing Contacts
Listed by Newmark - Atlanta - 3455 Peachtree Road, Newmark - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$365,858.49
$30,488.21/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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