Cap Rate
7.25%
Price Per SF
$242
Gross SQFT
10,000
Year Built
1966
NOI
$199,289
Property Type
Healthcare
LEAD LISTING AGENT
Email
[email protected]
License No.
License No. 412701 (GA)
Direct
+1 (470) 242-0547
Mobile
+1 (847) 361-4181
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- Healthcare Real Estate – Medical offices have a strong track record of being ideal invesment assets due to the tenants’ tendency toward long term occupancy, favorable rental rates, and resilience to economic changes.
- Growing Rents – 84% of the rent roll includes 3% annual rental increases, providing an investor a hedge against inflation through continuous growth of their investment dollars.
- Advantageous Return – At a 7.25% cap rate, this asset provides a workable return that aligns with today’s interest rate environment, allowing an investor to receive a premium yield compared to other lower yield opportunities on the market.
- Growing Market – LaGrange, Georgia, has seen significant developments in recent years, including the relocation of the Remington Firearms’ national headquarters, a recent development of a ±55,000 SF medical office and surgery center, as well as plans to use LaGrange as an inland port with a capacity of 200,000 containers.
- Ideal Medical Market – Refresh Me Dental Center is located one block from the 50,000 SF Emory Health Multi- Specialty Clinic and 1.5 miles from the 276-bed Wellstar Hospital campus. This medical- dense market provides an ideal location for medical and dental practices.
- Metro Midway – LaGrange is located mid-way between the state’s largest cities- Atlanta and Columbus. As a midway point, it works as a hub for Western Georgia and Eastern Alabama.
- Highly Accessible – This location is easily accessible with ground-level parking, providing ease and convenience to patients, which has become increasingly important in meeting patient demands.
- Specialized Tenants – Kids Zone Pediatric Dentistry and Refresh Me Dental Center provide specialized services that create a unique demand in the area and a high likelihood of successful long-term operations at this location.
- Growing Dental Market – The global dental market was valued at $37.68B in 2024, with expected growth at $41.03B in 2025. The pediatric dental market has a similar growth projection at a CAGR of 5.7% between 2024 and 2033, while the dental implants market is projected CAGR of 6.9% from 2025 to 2032.
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