SURGERY PARTNERS

3221 Glynn Ave, Brunswick, GA 31520
$1,425,000

Cap Rate
8.00%
Price Per SF
$402
Leasable Area
3,543 SF
NOI
$114,000

Broker of Record

  • Kyle Matthews
  • License No. 67120 (GA)
  • (310) 919-5757
  • Matthews Real Estate Investment Services
  • 841 Apollo Street Suite 150,
    El Segundo, CA 90245

Property Highlights

  • Healthcare Real Estate – Healthcare properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Passive Investment Structure – NNN lease structure provides a “hands off” investment for both local and national investors
  • Premier Tenant – Property is fully occupied by Surgery Partners, one of the country’s largest operators of outpatient facilities. They operate at this facility under two separate leases.
  • Additional Billboard Income – Landlord is also receiving $12,000/year from additional income from billboard situated next to building. This has been factored into our NOI.
  • Continued Tenant Investment in Property – Tenant has continually invested back into the property. Floors were recently stripped and waxed and the entire inside office is currently being repainted.

Location

  • Well Visited Location – Property is strategically located off Glynn Ave (US. 17), which runs from Florida to Maryland. This particular stretch of highway sees over 28,000 vehicles per day.
  • Healthcare Corridor – This clinic sits less than a mile away from Southeast Georgia Health Systems’ Brunswick Campus, a big referral source for the site.
  • Growing Market – The population within a 5-mile radius is expected to grow 3.40% over the next 5 years.

Tenant

  • National Tenant – Surgery Partners is a leading operator of surgical facilities and ancillary services with more than 180 locations nationwide.
  •  High Growth Tenant – Surgery Partners continues to expand from the company’s acquisitions of established practices across the country.