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Piedmont Urgent Care, Columbus, GA

Piedmont Urgent Care, Columbus, GA


Investment Summary

Price $2,331,000
Cap Rate 6.50%
NOI $151,470
Lease Term 12 years
Lease Type Net, with tenant responsible for all taxes, insurance, and maintenance, excluding roof, structure, and parking lot
Rental Increases 10% rental increases in initial term and option periods
Year Built Renovated in 2023
Building Size 4,455 SF
Lot Size 0.761 acres (33,130 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

NEW 12-YEAR NET LEASE WITH STRONG CORPORATE GUARANTY
» 12-year net lease to growing healthcare tenant
» 10% rental increases in initial term and option periods
» Piedmont Urgent Care by WellStreet is the largest network in Georgia
» New 2023 high-quality renovation to the latest Piedmont Urgent Care prototype

OUTPARCEL TO PEACHTREE MALL AND ACROSS FROM COLUMBUS STATE UNIVERSITY
» Conveniently located along the U.S. Route 27 Alternate / Manchester Expressway (50,700 AADT)
» Positioned near the Manchester Expressway and Interstate 185 (75,900 AADT) junction
» Prominent outparcel to Peachtree Mall (serves 10+ million customers per year), one of two major shopping areas in Columbus and anchored by major national retailers such as Macy’s, Hibbett Sports, JC Penney, and At Home
» Beneficial proximity to Columbus Airport (Georgia’s fourth busiest airport with 37,662 aircraft operations in 2022 and a $97M annual economic impact)
» Across from Columbus State University (6,022 students), ranked #7 in Best Public Colleges in Georgia by CollegeSimply
» Near well-attended schools including Hardaway High School (1,240 students), Richards Middle School (798 students), Clubview Elementary School (568 students), Reese Road Leadership Academy (480 students), and numerous others

DENSE AND GROWING GEORGIA CITY WITH IMMEDIATE ACCESS TO ALABAMA
» 177,300 residents live within five miles of the property, providing a large and reliable customer base for the site
» Prime location less than five miles from the Georgia/Alabama state line, funneling commuter traffic directly to the property
» The population count within a five mile radius has steadily increased since 2010, signaling the potential for ongoing growth
» The average household income is projected to increase by more than 17% by 2028, poising Piedmont Urgent Care and Columbus for steady concurrent growth

Property Description

» Exceptional Visibility and Access: This Dollar Piedmont Urgent Care is located near the intersection of Manchester Expressway and Interstate 185 (combined 126,600 AADT)
» Outparcel to Peachtree Mall: Anchored by Macy’s, Hibbett Sports, JC Penney, At Home, this shopping center has 800,000 SF of retail space, ideal for promoting crossover traffic
» Dense Area: Within a 5-mile radius of this property, the population count is 177,300 and it has steadily increased since 2010, signaling the potential for ongoing growth
» Beneficial Proximity to Schools: This site is located across from Columbus State University (6,022) and near other well-attended schools including Hardaway High School (1,240 students), Richards Middle School (798 students), andClubview Elementary School (568 students)
» New 2023 Renovation: This brand new Piedmont Urgent Care has been renovated to the latest prototype and features 34 total parking spaces

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