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22 Madras Pky
Newnan, GA 30263

$17,005 USD/MO

Healthcare For Lease • 8,872 SF

Property Details

Property Type Healthcare
Year Built 2009
Total Building Size 8,878 SF
Building Class B
Zoning R-C

0 Transit Score

10 Walk Score

1 Space Available

Name	Space Use	Size	Rent	Details
1st Floor Ste	Medical	8,872 SF	$23.00 USD/SF/YR
Date available: Now Lease term: Negotiable Service type: Triple Net Built out as: Healthcare Space Type: Relet

Description

This ±8,878 SF property is immediately available and located in the area of Newnan, GA. This 12-unit healthcare facility was built in 2009 and zoned R-C (Rural Conservation.) Seller will support rezoning or Special Use Permit application. Originally built as a hospice, the property is also suited for medical uses such as a clinic or urgent care center requiring zoning approval.

This facility includes fully operational medical areas including a medication room, medical waste room and nurses’ work room. The 12 units suitable for exam and treatment rooms; each room contains a shared full bathroom arrangement (Jack & Jill) with shower, commode and sink. Property amenities also include a reception area, conference room, chapel, kitchenette and laundry room. Gas-powered generator, sprinkler, video cameras Madras Parkway is being expanded to connect to I-85 increasing traffic; such expansion is driving plans for a potential adjacent Kroger Mart to be built. Facility is located in a wealthy are of Newnan, less than one mile from the Newnan Country Club.

Data for Coweta County reveals a patient-to-primary-care-physician ratio of 2,205 to 1. This ratio is significantly higher than the benchmark of 1,500:1 that is often considered the minimum for adequate access, and it points to a market under significant strain. The 5-mile PMA is characterized by a dense and growing population of 64,779 residents in 24,806 households. The area exhibits strong economic vitality, with a median household income of $96,972 and an average household net worth of $1,430,003, which surpasses both city and state averages.

This economic strength, coupled with high local home values, indicates a significant capacity for healthcare spending. Based on established consumer spending data provided by ESRI showing the average healthcare spent per household within a 5-mile is $8,015; thus, the total addressable healthcare market within the PMA is estimated to exceed $175 million annually, representing a substantial revenue pool for a new market entrant.

                
                    Highlights
                
                                ±8,878 SF property is suited for healthcare | Immediate occupancy available
                            
                                Fully functioning staff and medical operational areas | Built in 2009
                            
                                Septic tank just replaced with sewer connection ($50,000+ cost)
                            
                                Plans under way to connect Madras Parkway to Highway I-85
                            
                                Patient-to-primary-care-physician ratio of 2,205 to 1
                            
                                Total addressable healthcare market within the PMA is estimated to exceed $175 million annually

Property Flyers

Lease Brochure

Amenities

Wheelchair Accessible

Public Transportation

Airport	Drive	Walk	Distance
Hartsfield - Jackson Atlanta International	39 min	-	28.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Ernie Anaya, MBA 678-283-0136 Bull Realty Inc.

22 Madras Pky Newnan, GA 30263