Great Expressions Dental Center
570 Lanier Ave W Fayetteville , GA 30214-7649

Great Expressions Dental Center - healthcare for sale

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Overview



Great Expressions Dental Center (GEDC) for sale, located along Highway 54/Lanier Avenue (24,000 VPD) in Fayetteville, GA (Atlanta MSA). It has two freestanding medical office buildings both leased by ADG, LLC d/b/a. The tenant has 5.1 years of lease term remaining, with 2.25% annual rental escalations on an Absolute NNN lease with no landlord responsibilities. GEDC is currently operating in Building 2, while Building 1 is vacant. Building 2 is of 11,852 sqf, while Building 1 is of 10,161 sqf. Located 23 miles from Downtown Atlanta, it is strategically positioned within close proximity to other major medical centers in the area, and adjacent to a brand-new multi-family development with 210 beds and 316 units.

Investment highlights


  • Fee Simple Interest
  • Absolute NNN lease with no landlord responsibilities
  • 2.25% annual rental increases
  • Potential upside with lease-up of vacant building
  • Tenant operates over 300+ locations and is subsidiary of Roark Capital Group
  • Frontage & Visibility from Highway 54 / West Lanier Avenue
  • Located in Fayetteville, GA and county seat of Fayette County, Georgia which is becoming the ‘Hollywood of the East’
  • Close proximity to other major medical centers and adjacent to a brand-new multifamily development with over 210 beds
General
Property type Healthcare
Property subtype Medical office
Tenure type Sale/Purchase
Property address 570 Lanier Ave W, Fayetteville, GA 30214-7649
Market Atlanta
Land in acres 4.35
Building size 22,013  ft2
Year built 1990
Year renovated 2002
Financial
Price $5,846,270
Cap rate 10.00%
Current NOI $584,627.00
Lease
Tenant's name ADG, LLC
Lease type NNN
Lease expiration date 08/31/2023
Remaining term 3.7Yrs

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