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Barbour Orthopaedics, Forest Park, GA

Barbour Orthopaedics

Price $1,930,536
Cap Rate
NOI
Lease Term 20 Years
Lease Type Absolute NNN Lease, with Tenant Responsible for All Taxes, Insurance, Maintenance, and Repair, Including Roof, Structure, and Parking Lot
Rental Increases 2% Annual Rental Increases
Year Built 2020 Remodel
Building Size ± 5,400 SF
Lot Size 0.659 Acres (28,720 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Leased to Barbour Orthopaedics (personal guaranty) and Sports Medicine, P.C. for 20 years plus three five-year options
» 2% annual rental increases in initial term and options, providing a hedge against inflation
» Absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor

STATE-OF-THE-ART ORTHOPAEDIC MEDICAL OFFICE BUILDING
» Services provided include: Comprehensive physical exams, digital X-Ray, Open MRI, ultrasound guided joint injections, ultrasound guided platelet rich plasma injections, fluoroscopic guided lumbar, thoracic and cervical spinal injections, etc.

2020 FULL BUILDING RENOVATION
» Complete building renovation – new roof, parking lot, HVAC, electrical panel/switch gear, plumbing/hot water heater, dumpster enclosure and entire interior build-out

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED CORRIDOR
» 25,700 AADT directly in front of the property on Forest Parkway
» National tenants near the site include Shell, CVS Pharmacy, Chick-fil-A, Little Caesars, KFC, Sprint, KFC, Checkers, T-Mobile, Bank of America and many more
» 156,052 residents within a five-mile radius
» Convenient access to Interstate 285 (125,830 AADT), Interstate 75 (214,710 AADT), and Interstate 675 (51,000 AADT)
» Beneficial proximity to Southern Reginal Medical Center (331 beds, 1,800 employees, $718 million in annual total patient revenue)


Property Description

SOLD

The property is strategically located on Forest Parkway, with excellent visibility and access to 25,700 vehicles per day directly in front of the location. Forest Parkway serves as one of the city’s primary retail and transportation corridors. The site resides in a densely populated area, with 156,052 residents living within a five-mile radius of the location. The property also has convenient access to multiple major interstate thoroughfares, including Interstate 75 (214,710 AADT), Interstate 285 (125,830 AADT), and Interstate 675 (51,000 AADT).

Visibility is increased by the site’s proximity to large schools, employers, and community hubs. The location resides within four miles of 11 schools with combined enrollment of 10,119 students. The site is 2.5 miles from Forest Park’s largest employer, Atlas Logistics (954 employees). The property is within five miles of Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport by passenger traffic since 1998, which has an economic impact of more than $23 billion. Traffic to the site is increased by the property’s location near Southern Reginal Medical Center, which features 331 beds, 1,800 employees, and generates $718 million in annual total patient revenue.

Contact Us About This Property

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