Augusta, GA - Center for Pediatric Dentistry

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Center for Pediatric Dentistry investment property located in Augusta, Georgia. The tenant currently has 10 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof and structure making it an ideal, low-management investment opportunity for a passive investor.

The subject property is located along Augusta W Pkwy which averages 10,200 VPD. The site benefits from nearby direct on/off ramp access to Interstate 20 & Interstate 520, two major thoroughfares that average a combined 177,300 vehicles passing by daily. The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Target, Old Navy, Hobby Lobby, Staples, Michael’s, Taco Bell, Walgreens, Walmart Supercenter and many more. Strong tenant synergy increases consumer draw to the trade area and promotes crossover store exposure to the site. Furthermore, the site is in close proximity to Doctors Hospital of Augusta (350 beds), The Laney Apartments (230 units), and Bradford Pointe Apartments (192 units) further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 159,000 and 68,000 employees, providing a direct consumer base from which to draw. The average household income in a 5-mile radius of the subject property is $91,944.

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Listing ID: a28TP000001tTNNYA2