516 Ga-247 Bonaire, GA 31005

This exceptional investment opportunity presents a 4,680 square foot medical office building in Bonaire, Georgia, currently leased to Heartland Dental under a 10-year Net Lease agreement (commencing September 1, 2019, expiring August 31, 2029). The property boasts a strong 6.25% cap rate and a substantial Net Operating Income (NOI) of $193,028. Located on a 0.65-acre lot at 516 GA-247, 31005, this property benefits from excellent visibility and access near the intersection of State Route 247 and State Route 96, within the Merganser Commons development (anchored by Publix). The lease includes built-in rent bumps, with a 10% increase scheduled for September 2024 and every five years thereafter. The tenant, Heartland Dental, is a large, financially stable dental support organization with a corporate guarantee, providing significant security for investors. The property's location within a thriving residential area, near major employers like Frito-Lay, Northrop Grumman, and Anchor Glass, and in close proximity to Robins Air Force Base and several schools, ensures a reliable customer base and strong demographics. The average annual household income within a one-mile radius is $130,173, and the population within a five-mile radius is 67,201. This is a 1031 exchange eligible property. The building was constructed in 2019.