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    124 3Rd St Macon, GA 31201

    Sponsored
    For Sale
    $3,803,077

    High-yield NNN lease, strong tenant.

    Property size:
    12,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity features a 12,750 square foot, single-story urgent care facility situated on a one-acre lot in Macon, Georgia's historic district. The property is currently 100% occupied under a 12-year triple net (NNN) lease with Piedmont Urgent Care by WellStreet, commencing October 1, 2023, and expiring September 30, 2035, leaving 10.9 years remaining. The lease includes a 3% annual rent increase, ensuring consistent income growth. The asking price is $3,803,077, representing a price per square foot of $298.28 and a 6.50% cap rate based on a current net operating income (NOI) of $247,200. This investment offers a stable and predictable income stream with minimal landlord responsibilities due to the NNN lease structure. The tenant, Piedmont Urgent Care by WellStreet, is a prominent healthcare provider with a significant presence in Georgia, boasting 74 locations statewide. This location has a proven track record of success, having operated for approximately 25 years. The property's prime location within the Macon metro area ensures excellent accessibility. This is a low-maintenance, high-return investment ideal for those seeking a secure and lucrative opportunity in the healthcare sector.

    Property Features for 124 3Rd St

    General Information

    Property type
    Medical centers
    Square Feet
    12,750 SF
    Lot Size
    43,560 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • NNN Lease with minimal landlord responsibilities.
    • 11‑year remaining lease term on a new 12‑year agreement with Piedmont Urgent Care (WellStreet).
    • High‑performing urgent care facility; part of a 74‑location Georgia and 129‑location national network.
    • Established medical facility operating in this location for approximately 25 years.
    • Convenient Macon metro area location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Macon Occupational Medicine ... Medical Clinic Cynthia A. Shelt-Nix, PT Physical Therapist Marlyn Jasper, PT Physical Therapist Macon Occupational Medicine: ... Doctor Dupraw Virginia A Nurse Practitioner

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.624569585341
    Latitude
    32.839251199325

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    FAQs

    What type of property is this?
    Medical center - High-yield NNN lease, strong tenant.
    Where is this medical center located?
    The property is located at 124 3Rd St Macon, GA.
    What is the asking price?
    The asking price for this property is $3,803,077.
    What are key features of this property?
    This property features: NNN Lease with minimal landlord responsibilities.; 11-year remaining lease term on a new 12-year agreement with Piedmont Urgent Care (WellStreet).; High-performing urgent care facility; part of a 74-location Georgia and 129-location national network.
    (770) 631-0499
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    124 3Rd St Macon, GA 31201
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    Macon, GA 31201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 3Rd St Macon, GA 31201
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