225 Bullsboro Dr Newnan, GA 30263-1019

Property Details for 225 Bullsboro Dr

Year built

1978

Construction

WOOD FRAME

Lot size

0.34 lot acres

Property size

4,488 SF

Zone code

C2

Property type

Commercial real estate

APN

N57C 013

APU

N57C013

Description

This exceptional investment opportunity presents a 4,488 square foot, single-story medical office building in Newnan, Georgia, currently operating as an animal hospital under a 10-year net lease with Alliance Animal Health, a large, credit-rated operator with over 200 partner practices. The lease commenced October 26, 2023, and features a remaining term of approximately 8.7 years, with two 5-year renewal options. The property boasts a 7.20% cap rate and a strong NOI of $76,500, with annual rent bumps of 2%. Located at 225 Bullsboro Dr, Newnan, GA 30263, this strategically positioned property benefits from high visibility on a major thoroughfare (Georgia State Route 34), proximity to Interstate 85, and a thriving retail environment including Walmart, Target, and other national retailers. The property serves a large population base (76,000+ residents within a 5-mile radius) with a high average household income (nearly $100,000). The veterinary services industry demonstrates consistent growth, making this a recession-resistant investment with significant long-term potential. The tenant provides comprehensive services, including preventive care, dental care, diagnostics, surgery, and more. This fee-simple offering provides a stable, long-term investment with built-in inflation protection. The property was built in 1978 and enjoys 100% occupancy. The asking price is $1,062,069, representing a price per square foot of $237.

Location Insight

City

Newnan

County

Coweta

State

Georgia

Longitude

-84.7716

Latitude

33.3898

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments