Net-Leased Dialysis Clinic
For Sale
Contact for pricing
172 Three Rivers Dr, Rome, GA 30161
Two purpose-built dialysis clinic facilities are net leased to a Fresenius Medical Care subsidiary under double-net terms.
Property Size14,286 SF
Price / SF$313.93
Days on Market139
Property Features for 172 Three Rivers Dr
General Information
Standard status
Active
Size
14,286 SF
Total Parking Spaces
58
Property subtype
Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$291,515
Building Details
Year Built
2005
Buildings
2
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
Listed By:
Kelly Largent · License #TX
(918) 494-2690
Source:
Crexi
Added: Apr 20
Changed: Aug 22
Last Checked: Sep 3 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Tulsa
Investment Insights
Based on property information with market context.
Northmarq is pleased to offer for sale a two-property, single-tenant dialysis clinic portfolio. The buildings are purpose-built medical facilities constructed to tenant specifications and operated as kidney care clinics.
The properties are net leased to Bio-Medical Applications of Georgia, Inc., a Fresenius Medical Care subsidiary. The portfolio is supported by double net leases with 2% annual rent escalations, recent early lease extensions, and a weighted average remaining lease term of approximately 7.6 years, along with long-term renewal options.
Each asset is part of a single-tenant structure, reflecting tenant-specific medical clinic buildout and operational use as dialysis facilities.
The properties are net leased to Bio-Medical Applications of Georgia, Inc., a Fresenius Medical Care subsidiary. The portfolio is supported by double net leases with 2% annual rent escalations, recent early lease extensions, and a weighted average remaining lease term of approximately 7.6 years, along with long-term renewal options.
Each asset is part of a single-tenant structure, reflecting tenant-specific medical clinic buildout and operational use as dialysis facilities.
Key Highlights
- Two purpose‑built dialysis clinic facilities in a single‑tenant portfolio
- Net leased to Bio‑Medical Applications of Georgia, Inc., a Fresenius Medical Care subsidiary
- Double‑net lease structure for predictable income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$165,706
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,314,120
$3.3M
Cap Rate 7%
$2,367,229
$2.4M
Cap Rate 9%
$1,841,178
$1.8M
Market Conditions
NOI Build-Up for 14,286 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$308.6K $21.60/SF
− Vacancy
−$32.4K −$2.27/SF
EGI
$276.2K $19.33/SF
− OpEx
−$110.5K −$7.73/SF
NOI
$165.7K $11.60/SF
Area
Floyd County, GA
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,314,120
Cap Rate 7%
$2,367,229
Cap Rate 9%
$1,841,178
Alternative Uses
Best Use
Healthcare Medical
$2.37M
$2.07M – $2.76M
NOI $165,706 @ 7.0% cap · market cap 3.69%
Second Best
Office B
$1.68M
$1.47M – $1.96M
NOI $117,337 @ 7.0% cap · market cap 2.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 30161, GA
35,382
Population
14,924
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
85%
High-School Grad
143.3 sq mi
ZIP Area
247
Density / Sq Mi
$60,176
Median Household Income
$34,545
Median Earnings
$1,006
Median Rent
$185,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Two purpose-built dialysis clinic facilities are net leased to a Fresenius Medical Care subsidiary under double-net terms.
Where is this medical center located?
The property is located at 172 Three Rivers Dr Rome, GA.
What is the asking price?
The asking price for this property is $4,484,846.
What are key features of this property?
This property features: Two purpose‑built dialysis clinic facilities in a single‑tenant portfolio; Net leased to Bio‑Medical Applications of Georgia, Inc., a Fresenius Medical Care subsidiary; Double‑net lease structure for predictable income
