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31110090
31110333

4152 Baker St NW, Covington, GA 30014

CC
VA 0225272902
Vakos Real Estate Services
Listed by Vakos Real Estate Services
$2,000,000
378 days on market
Updated 6 days ago

PEDIATRIC OFFICE - 8.4% CAP RATE - Covington, GA

Details
Property Type Retail
Sub Type Health Care, Medical
Square Footage 6,000
Units 1
Cap Rate 8.4%
NOI $168,000
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 12/31/2028
Remaining Term 2.6
Rent Bumps Yes
Lease Options 2 (5) Year Options With 3% Increases Each Option
Broker Co-Op Yes
Class A
Year Built 2007
Year Renovated 2022
Buildings 1
Stories 1
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 01/01/2024
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Retail | 8.40% CAP | 6,000 SqFt

Marketing description

Vakos Real Estate Services is pleased to exclusively present for sale a 6,000 SF pediatric medical office located within Vantage Pointe Condominiums at 4152 and 4148 Baker Street, Covington, Georgia. Dr. Lisa Miller and her partner have been serving the community for over 20 years and are affiliated with Piedmont Newton Hospital, making this a strong and stable investment opportunity.

Investment highlights

  • Prime Medical Location – Just 0.5 miles from Piedmont Newton Hospital, offering strong referral potential and patient traffic.

  • Strong Demographics – Over 169,000 residents within a 10-mile radius, supporting long-term demand for healthcare services.

  • Purpose-Built Medical Facility – Customized interior layout designed specifically for pediatric use, enhancing operational efficiency.

  • Recent Capital Improvements – Roof recently replaced, reducing near-term capital expenditure risk.

  • Strategic Medical Corridor – Located within a well-established medical park surrounded by complementary healthcare providers.

Listing Contacts

CC
VA 0225272902
Vakos Real Estate Services
Listed by Vakos Real Estate Services

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$168,000.00
$14,000.00/mo

Valuation Metrics

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DSCR
8.4%
Cap Rate
8.4%
ROI

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