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1115-1119 Morningside Dr, Perry, GA, 31069

Southeast Primary Care Partners

$2,508,000

Key Information

Cap Rate
8.5%
$ per SF
$263
Lot Size
1.03 Acres
Year Built
1968
Term Remaining
± 3.67 Years
Type
Healthcare
Occupancy
100%
NOI
$213,187
Leasable Area
9,534

Highlights

Desirable Product Type: Healthcare real estate provides a strong tendency toward long-term tenants, increased property value, and favorable rental rates.
• Growing Rental Income: The rental increases included provide a hedge against inflation and ensure consistent growth of investment dollars.
Predictable Revenue: Operating expenses are paid for by each tenant, providing predictable revenues for investors.
• Multi-State Operator: Southeast Primary Care Partners has 450+ locations throughout the southeast, primarily focused in Georgia.
Hospital Adjacent: This asset sits directly across from the Emory Hospital Perry, an invaluable location for any healthcare tenant or owner.
• Business Friendly State: Georgia has ranked as the #1 state for business for 12 years due to the business friendly policies and a robust $14.6B surplus.
• Medical Corridor: Numerous medical clinics and surgery centers surround this asset, providing an ideal location for patient traffic and potential referral sources.
PE-Backed Operator: Southeast Primary Care Partners has a 450+ affiliate provider network across the southeast as part of the healthcare-focused BPOC private equity firm out of Chicago.
• Regional Provider: NT Cardiovascular maintains a strong presence in central Georgia with seven locations with this asset being the main office.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305