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Single-Tenant Office Medical

Fresenius Medical Care | EyeGlass World

1851 Manchester Expy, Columbus, GA 31904

Listing Price: $2,225,000

Cap Rate
7.26%
Tenant Name
Freseniud Kidney Care | EyeGlass World
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
8,458
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.10

Investment Overview

Annual Rental Increases
? Avg. of 1.97% Annual Rental Increase Across Building
? Below Replacement Cost & Below Market Rent
? Provides Investor with Great Value, Upside, and Stability
? Recent Capital Improvements
? New Drainage System Completed in 2024
? Strong and Steady Population Growth
? Population Growth of 8.8% since 2020

Investment Highlights

  • Premium Location with Strong Traffic Count ? Less Than Half Mile from St. Francis Emory Hospital ? Over 35,000 Average Vehicles Per Day on Manchester Expwy.
  • Publicly Traded National Tenancy ? Fresenius (FMS) and Eyeglass World (EYE)
  • Longstanding Tenancy with Lease Extensions ? Both Tenants are Original to Building and Account for a Combined 50 Years of Tenancy at Location

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Single-Tenant Office Medical

Fresenius Medical Care | EyeGlass World

Listing Price: $2,225,000

Cap Rate
7.26%
Tenant Name
Freseniud Kidney Care | EyeGlass World
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
8,458
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.10

Investment Highlights

  • Premium Location with Strong Traffic Count ? Less Than Half Mile from St. Francis Emory Hospital ? Over 35,000 Average Vehicles Per Day on Manchester Expwy.
  • Publicly Traded National Tenancy ? Fresenius (FMS) and Eyeglass World (EYE)
  • Longstanding Tenancy with Lease Extensions ? Both Tenants are Original to Building and Account for a Combined 50 Years of Tenancy at Location

Investment Overview

Annual Rental Increases ? Avg. of 1.97% Annual Rental Increase Across Building ? Below Replacement Cost & Below Market Rent ? Provides Investor with Great Value, Upside, and Stability ? Recent Capital Improvements ? New Drainage System Completed in 2024 ? Strong and Steady Population Growth ? Population Growth of 8.8% since 2020

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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