1078 Plaza Ave Eastman, GA 31023
- Medical offices
- 6,942 SF
- 0.76 lot acres
Current Use by Public Records
- Medical offices
Property Details for 1078 Plaza Ave
- Year built
- 2001
- Lot size
- 0.76 lot acres
- Property size
- 6,942 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 048 002J
- APU
- 048002J
Description
This fee-simple retail property at 1078 Plaza Ave, Eastman, GA 31023, offers a compelling investment opportunity. The 7,122 square foot building, constructed in 2001 and situated on a 0.76-acre lot, is currently leased to Fresenius Medical Care under a Net Net (NN) lease with 7.5 years remaining. The lease includes two 5-year options, providing long-term income security. Fresenius Medical Care has been a tenant for over two decades, demonstrating a strong commitment to the location. The property boasts a 6.45% cap rate and a Net Operating Income (NOI) of $88,746.08, representing a significant return on the $1,375,000 asking price. Its prime location on the Dodge County Hospital campus ensures high visibility and accessibility, attracting a steady stream of potential customers. The well-maintained building is ideally suited to its current medical tenant and the overall investment offers a blend of stability and future potential. This is a rare opportunity to acquire a high-performing retail property in a desirable location with a strong, long-term tenant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eastman
- County
- Dodge
- State
- Georgia
- Longitude
- -83.1778
- Latitude
- 32.1836
