4162 Baker NE St Covington, GA 30014-1404

This exceptional 7,000 square foot medical office building, located at 4162 Baker Street in Covington, Georgia (zip code 30014), presents a compelling investment opportunity. Built in 2007 and renovated in 2021, the property boasts a 100% occupancy rate with two strong tenants: Amedisys Home Health Care and Covington Family Dentistry. Amedisys, a national leader with a significant presence across 38 states and 537 locations, provides a robust corporate guarantee. The building offers a specialized buildout perfectly suited for its current tenants. Covington Family Dentistry, a long-standing tenant, is on a short-term lease, presenting a potential opportunity for improved lease terms with a new owner. The property generates a substantial net operating income (NOI) of $123,750, resulting in a 7.50% cap rate. The asking price is $1,650,000, translating to $235.71 per square foot. Strategically located approximately 0.5 miles from Piedmont Newton Hospital, the building benefits from a large population base of over 157,000 people within a 10-mile radius. The property's tenant mix, including a recession-proof dentistry practice with a low default rate, contributes to its strong financial performance and long-term stability. No lease options are currently available.