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124 3rd St - Piedmont Urgent Care | Occupational Medicine

12,750 SF Health Care Building Offered at a 6.50% Cap Rate in Macon-Bibb, GA 31201

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Investment Highlights

NNN Lease - Minimal Landlord responsibilities
Piedmont Urgent Care by WellStreet has 74 locations in Georgia
High performing Occupational Medicine location for approximately 25 years

New 12 Year Lease Term | 11 Years Remaining
In partnership with other healthcare providers WellStreet as a total of 129 locations nationwide
Accessible location to the Macon metro

Executive Summary

Southtree Commercial Real Estate is pleased to present this exceptional investment opportunity of Piedmont Occupational Medicine, a facility spanning 12,750 square feet on a prime 1.00-acre lot located in the historical district of Macon, GA. Currently leased to Piedmont Urgent Care by WellStreet, LLC, this asset offers an impressive 11 years remaining on a Triple Net (NNN) lease, providing a stable and predictable income stream. The land is currently ground leased to the Landlord, with 48 years remaining in term. The Occupational Medicine group has experienced great success and shown a strong commitment to this location. They began occupancy in April of 2001, remaining in place for 23 years, and recently signing a new 12 year lease extension.
Piedmont Urgent Care by WellStreet is a leading healthcare provider within the urgent care sector, known for its robust and reliable services. They represent a significant presence in urgent care, combining efficient service delivery with a strong support network and a commitment to quality care.
Annual rental escalations of 3.00% ensure that the income generated from this property will grow over time, enhancing the investment's long-term value and return. With a reputable tenant in place and a well-structured lease agreement, this property represents a secure and lucrative opportunity for investors seeking a reliable and low-maintenance income-generating asset.

Offering Memorandum

Property Facts

Sale Type	Investment	Building Size	12,750 SF
Cap Rate	6.50%	No. Beds	1
Sale Conditions	Ground Lease (Leasehold)	No. Stories	1
Property Type	Health Care	Year Built	1945
Building Class	C	Parking Ratio	7.61/1,000 SF
Lot Size	0.96 AC

Sale Type	Investment
Cap Rate	6.50%
Sale Conditions	Ground Lease (Leasehold)
Property Type	Health Care
Building Class	C
Lot Size	0.96 AC
Building Size	12,750 SF
No. Beds	1
No. Stories	1
Year Built	1945
Parking Ratio	7.61/1,000 SF