1002 Boulder Dr, Gray, GA 31032
- Medical Office Space
- 7,052 SF
- 0.94 lot acres
Current Use by Public Records
- U.S. Renal Care / Medical Clinic
- RAI CARE CENTER BOULDER DRIVE / Medical Clinic
- Dr. Ihab Zaggout / Physician / Medical Clinic
Property Details for 1002 Boulder Dr
- Year built
- 2006
- Construction
- WOOD
- Lot size
- 0.94 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- J45D00 063A
- APU
- J45D00063A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 15, 2005 | $350,000 | Lumina Properties Group LLC | Rac LLC | Grant Deed | — |
Description
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.
Value Estimations
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $745,000
- COMMERCIAL (GENERAL)
- $700,000
- RETAIL STORES
- $650,000
- AUTO REPAIR, GARAGE
- $610,000
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Location Insight
- Map
- Local Demand
- City
- Gray
- County
- Jones
- State
- Georgia
- Longitude
- -83.5465
- Latitude
- 33.002
- CBSA code
- 31420
- CBSA name
- MACON, GA METROPOLITAN STATISTICAL AREA
