5019 Lavista Road

Tucker, GA

Health Care for Sale - $850,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #963577
Location5019 Lavista Road
Tucker GA 30084
Last UpdatedDecember 29th, 2017
TypeHealth Care
Price$850,000

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Property Description

This 4,522 SF medical office building is currently occupied by DeKalb Medical Physicians Group. The tenant invested heavily in a renovation of the building in January 2015, including replacing the roof of the building and recently extended their lease through 2025. Starting January 1st of 2020, the lease will shift to a net lease structure with 2% annual increases and the NOI increases by 16%, making this a fantastic opportunity for an investor to capture value.

DeKalb Medical health system was founded in 1961 and boasts a medical staff of over 800 doctors in 55 specialties. It has a favorable location on Lavista Rd and experiences a daily traffic count in excess of 22,000 vehicles, as well as a population of 260,000+ within a 5 mile radius.

Location Description:

Located on Lavista Road in DeKalb County, Georgia.

Highlights:

>> 4,522 SF single tenant medical office

>> 100% occupied

>> Dekalb Medical recently extended lease with 7 years remaining

>> 16% NOI increase in 2020

>> 2% annual escalations starting in 2020

>> Property has operated with medical tenants successfully since 1986

>> Tenant paid for full interior renovations in January of 2015

>> Brand new roof

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