Single-Tenant Office

Heartland Veterinary Services

813 12th St, Augusta, GA 30901

Listing Price: $420,000

Cap Rate
9.09%
Tenant Name
Heartland Vetinary Partners
Years Remaining On Lease
2.9
Gross SF
5,208
Rentable SF
5,208
Price/Gross SF
$80.65
Lease Type
Double Net
Rent Per Square Feet
$7.33

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a single tenant veterinary clinic along with the neighboring parcel which totals approximately a half acre and includes a vacant 3,850 square foot building. The property is well positioned on a main thoroughfare known at 12th street, which stretches from U.S. Highway 25 all the way to the Augusta Riverwalk. Butting up against the 40+ acres that is University Hospital gives this property good current and future uses. The property offers stable income with the current nationally known tenant, Heartland Veterinary Partners currently paying a very modest rent of $7.79 per square foot. This location, formerly a private practice and the second location to open locally, was recently acquired by Heartland Veterinary Partners.

This investment offers an attractive in-place yield with upside. The building is offered below replacement cost and sits on a parcel of nearly one-half acre of land.

The city of Augusta, Georgia is located on the Savannah River which is the border for South Carolina. Highway 20 Runs through Augusta, connecting the cities of Atlanta and Columbia which are the capitol cities of Atlanta and South Carolina respectively.

Investment Highlights

  • Stable Tenant in Place
  • Well Positioned Location
  • Additional Development Opportunity

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Single-Tenant Office

Heartland Veterinary Services

Listing Price: $420,000

Cap Rate
9.09%
Tenant Name
Heartland Vetinary Partners
Years Remaining On Lease
2.9
Gross SF
5,208
Rentable SF
5,208
Price/Gross SF
$80.65
Lease Type
Double Net
Rent Per Square Feet
$7.33

Investment Highlights

  • Stable Tenant in Place
  • Well Positioned Location
  • Additional Development Opportunity

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a single tenant veterinary clinic along with the neighboring parcel which totals approximately a half acre and includes a vacant 3,850 square foot building. The property is well positioned on a main thoroughfare known at 12th street, which stretches from U.S. Highway 25 all the way to the Augusta Riverwalk. Butting up against the 40+ acres that is University Hospital gives this property good current and future uses. The property offers stable income with the current nationally known tenant, Heartland Veterinary Partners currently paying a very modest rent of $7.79 per square foot. This location, formerly a private practice and the second location to open locally, was recently acquired by Heartland Veterinary Partners.

This investment offers an attractive in-place yield with upside. The building is offered below replacement cost and sits on a parcel of nearly one-half acre of land.

The city of Augusta, Georgia is located on the Savannah River which is the border for South Carolina. Highway 20 Runs through Augusta, connecting the cities of Atlanta and Columbia which are the capitol cities of Atlanta and South Carolina respectively.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

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