1002 Boulder Dr Gray, GA 31032-6140
This exceptional 6,904 square foot medical office building presents a compelling investment opportunity in Gray, Georgia. Located at 1002 Boulder Dr, this property boasts a prime location on the bypass, conveniently situated across from Ingles grocery store and adjacent to Morris Bank, ensuring high visibility and accessibility. Built in 2006 and zoned C-3, the building is currently leased to US Renal Care, a prominent national healthcare provider with a significant patient base exceeding 26,000 across 33 states and over 400 facilities. US Renal Care has occupied the space since September 2006, demonstrating long-term stability and commitment, further solidified by a 5-year lease renewal exercised in November 2021. The property sits on a 0.94-acre lot and offers a strong net operating income (NOI) of $188,545, translating to an attractive 6.25% cap rate with built-in annual increases of 2.25%. This investment presents a rare opportunity to acquire a stable, high-performing medical office building with a strong tenant and significant upside potential. The asking price is $3,006,000. This property is an excellent addition to any diversified real estate portfolio.
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U.S. Renal Care Medical Clinic
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RAI CARE CENTER BOULDER DRIVE Medical Clinic
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Dr. Ihab Zaggout Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.