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Single-Tenant Office Medical

Piedmont Urgent Care | Value Add | NNN Lease

1524 Lafayette Pkwy, LaGrange, GA 30241

Listing Price: $2,700,000

Cap Rate
6.69%
Tenant Name
Piedmont Healthcare
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
4,886
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.97

Investment Overview

NNN Lease with Limited Landlord Responsibilities
- Offers Landlord Passive Ownership

10% Rental Increase Every 5 Years and Throughout Options
- Provides Landlord Automatic Appreciation & Growing Cashflow

Piedmont is Largest Healthcare System in the State of Georgia
- 2,171 Physical Locations | 26 Hospitals | 4.5 Million Patients
- Serves Communities that Comprise 85% of GA Population

Renovated-to-Suit Construction for Piedmont in 2019
- Facility Outfitted to Meet Specific Tenant Needs

Frontage and Visibility on Lagrange Highway (25,000+ VPD)
- 1,500 ft. from Entrance Ext Ramp of I85 (32,000+ VPD)

Ideally Positioned with Excellent Access from Lagrange HWY
- Ease of Entry to Property and Surrounded by National Tenants

Consistent Increasing Demographics Year Over Year
- Projected 4.28% Growth from 2024-2029

Investment Highlights

  • NNN Lease with Limited Landlord Responsibilities - Offers Landlord Passive Ownership
  • 10% Rental Increase Every 5 Years and Throughout Options - Provides Landlord Automatic Appreciation & Growing Cashflow
  • Piedmont is Largest Healthcare System in the State of Georgia - 2,171 Physical Locations | 26 Hospitals | 4.5 Million Patients - Serves Communities that Comprise 85% of GA Population
  • Renovated-to-Suit Construction for Piedmont in 2019 - Facility Outfitted to Meet Specific Tenant Needs
  • Frontage and Visibility on Lagrange Highway (25,000+ VPD) - 1,500 ft. from Entrance Ext Ramp of I85 (32,000+ VPD)
  • Ideally Positioned with Excellent Access from Lagrange HWY - Ease of Entry to Property and Surrounded by National Tenants
  • Consistent Increasing Demographics Year Over Year - Projected 4.28% Growth from 2024-2029

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

Piedmont Urgent Care | Value Add | NNN Lease

Listing Price: $2,700,000

Cap Rate
6.69%
Tenant Name
Piedmont Healthcare
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
4,886
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.97

Investment Highlights

  • NNN Lease with Limited Landlord Responsibilities - Offers Landlord Passive Ownership
  • 10% Rental Increase Every 5 Years and Throughout Options - Provides Landlord Automatic Appreciation & Growing Cashflow
  • Piedmont is Largest Healthcare System in the State of Georgia - 2,171 Physical Locations | 26 Hospitals | 4.5 Million Patients - Serves Communities that Comprise 85% of GA Population
  • Renovated-to-Suit Construction for Piedmont in 2019 - Facility Outfitted to Meet Specific Tenant Needs
  • Frontage and Visibility on Lagrange Highway (25,000+ VPD) - 1,500 ft. from Entrance Ext Ramp of I85 (32,000+ VPD)
  • Ideally Positioned with Excellent Access from Lagrange HWY - Ease of Entry to Property and Surrounded by National Tenants
  • Consistent Increasing Demographics Year Over Year - Projected 4.28% Growth from 2024-2029

Investment Overview

NNN Lease with Limited Landlord Responsibilities - Offers Landlord Passive Ownership 10% Rental Increase Every 5 Years and Throughout Options - Provides Landlord Automatic Appreciation & Growing Cashflow Piedmont is Largest Healthcare System in the State of Georgia - 2,171 Physical Locations | 26 Hospitals | 4.5 Million Patients - Serves Communities that Comprise 85% of GA Population Renovated-to-Suit Construction for Piedmont in 2019 - Facility Outfitted to Meet Specific Tenant Needs Frontage and Visibility on Lagrange Highway (25,000+ VPD) - 1,500 ft. from Entrance Ext Ramp of I85 (32,000+ VPD) Ideally Positioned with Excellent Access from Lagrange HWY - Ease of Entry to Property and Surrounded by National Tenants Consistent Increasing Demographics Year Over Year - Projected 4.28% Growth from 2024-2029

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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