Cap Rate
9.50%
Price Per SF
$74
Gross SQFT
6,261
Year Built
1958
Occupancy
100%
Term Remaining
±8 YRS
Property Type
Healthcare
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- SINGLE-TENANT VETERINARY INVESTMENT | 12 YEAR ABSOLUTE NNN LEASE | 2.50% ANNUAL INCREASES: This deal features a 12-year absolute NNN lease and 2.50% annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment. An investor can reap the benefits of a cash flowing investment while they strategize on re-tenanting the facility.
- BELOW REPLACEMENT COST | EXTREMELY LOW BASIS | 9.50% CAP RATE: At $464,763, the asset is offered at under $75/SF. A new landlord can acquire the asset well
below replacement cost while earning a 10.25% average cap rate over the tenant’s remaining lease obligations. - NATION’S 6TH LARGEST MILITARY BASE | 5-MILES FROM FORT MOORE: The property is situated within 15 minutes of Fort Moore, which is one of the largest military bases in the nation and supports a population of more than 120,000.
- AMERICAN VETERINARY GROUP | 200+ UNIT OPERATOR | CORPORATE GUARANTY: The lease obligations are corporately guaranteed by American Veterinary Group, providing a further layer of security of cash flow going forward. AVG is one of the country’s leading veterinary operators with 200+ locations across over 37 states, delivering a hands-on, high-touch practice management approach while preserving clinical autonomy with its practice partners.
- ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES: The Absolute NNN lease structure provides ownership with a completely passive investment, with tenants responsible for all taxes, insurance, and maintenance, including roof and structure.
- COLUMBUS, GA | 2ND LARGEST CITY IN GA | ROBUST POPULATION | CORPORATE HEADQUARTERS | ONLY KIA MANUFACTURING PLANT IN UNITED STATES: Columbus is the 2nd largest city in GA, with over 200,000 people. The city is uniquely positioned on the AL-GA border, creating a dynamic economy that benefits from neighboring cities like Auburn and Opelika, AL, totaling over 560,000 residents. Columbus is also home to the corporate headquarters of Aflac, Synovus and TSYS, and WS Bradley Co.
Kia Motors also houses their only US manufacturing plant just outside of Columbus GA, covering over 2,200 acres and a total investment north of $2.8 billion. The plant currently produces over 350,000 vehicles per year. - IDEAL LOCATION | IMMEDIATE PROXIMITY TO MAJOR RETAIL TRADE AREA AND NATIONAL TENANCY: The location is well-positioned between a dense area of residential communities and nearby shopping centers featuring national tenancy like Walmart (built 2016), Wendy’s, McDonalds, Advance Auto Parts, Burger King, etc. This location is also ideally situated nearby multiple dense residential communities, including Arbor Point Apartment Homes (400+ Units), Eagle Trace Apartments (383 units), Independence Place Apartments (238 Units), and The Villages at Fort Moore housing thousands of active military personnel spanning 7 villages over 10 neighborhoods across town.
Broker of Record
- Bill Pedersen
- License No. 80041 (GA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203