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151 N Main St

Jonesboro, GA 30236

$515,000

Medical For Sale  •  6,600 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 6,600 Sq Ft
  • Lot Size 0.1 ac
  • Building Class B
  • Year Built 1986
  • Cap Rate 7.14 %
  • Tenancy Single
  • Zoning CB
35 Transit Score
48 Walk Score

Description

An excellent opportunity for investor(s) of a freestanding high-quality all brick Office Building on main street in historic downtown Jonesboro, Georgia.  The Acquisition Cap Rate is 7.14% plus Escalation. The single-tenant building is 100% leased till 2024 and comes with impressive entrance, 11 windowed offices open to main hallway centered around Bull-Pen area, spacious conference rooms, break-room with kitchen, large h/c Rest-rooms and additional large working spaces on upper level.
The property is adjacent to future Marta Train Station, Public Library, Bank and County Offices with easy access to major roadways. Contact agent for more details.

Highlights

Fully Leased - 7.14% Cap Rate plus Escalation
Value Added - Below Market Rates
Near Future Marta Train Station
Historic Downtown Jonesboro

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $36,748 (2019)
Cap Rate: 7.14 %
Total Expenses: $9,452

Amenities

  • Air Conditioning
  • Bus Line
  • Controlled Access
  • Conferencing Facility
  • Security System
  • Signage

Public Transportation

AirportDriveWalkDistance
Hartsfield-Jackson Atlanta International Airport 19 min - 11.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Vin Bhaskar 678-982-3431 Coldwell Banker Commercial Metro Brokers
Vin Bhaskar 678-982-3431 Coldwell Banker Commercial Metro Brokers