Bldg E 2601 Cross Country Dr

Price Improvement $50k less now! $1,250,000- NOI $127,140 year 1! This sale-leaseback offers over 10% cap going in with 2% increases annually. A new 5-year deal with (2) 5 year options- all lease terms include 2% annual increase per year- Year 1 lease is $12 a sq ft. with Tenant responsible for all maintenance, repairs, taxes, insurance. Building was renovated in 2021. Central location in Midtown Columbus GA (Georgia's 2nd largest city) adjacent to Interstate I-185 at US80. Great Investment on a solid building with solid tenant!
ABOUT COLUMBUS, GEORGIA:
Georgia’s second largest city 206,000; MSA Population 307,199; Region 500,000+
Columbus MSA labor force 123,337 and the Median Household Income $57,086 (2024)
Major Employers include Fort Moore- 3rd largest Military Base- 45,000
Global Payments- Financial Services-5,500
Aflac- Insurance- 3,800
Piedmont Hospital- 3,000
Pratt & Whitney- Aerospace Manufacturing- 2,250
Synovus- Financial Services- 1,385
Columbus recently announced a $50 mm stadium renovation and securing of an "AA" Atlanta Braves Baseball team, the Clingstones. Future development here will include multi-family, restaurants and retail. The Columbus Consolidated Government is constructing a new $207mm Judicial Center consisting of 310,000 square feet. They also completed acquisition of approximately 200,000 square feet of office space on Broadway in downtown for government offices. A 130,000 Synovus corporate headquarters office was just completed in downtown, adjacent to the TSYS/Global Payments co-headquarters.
Overall, there has been over $1.1 billion in investment in Columbus over the last 10 years.
ABOUT THE TENANT: First Credit Services Inc. was established in 1993 and is a Business Processing Outsource (BPO) company that specialized in debt collections, accounts
receivable management and customer service outsourcing. They serve a broad group of Fortune 500 companies and was recently recognized as “One of theBest Places to Work in Collections” by inside Accounts Receivable Management(ARM) and have earned an A+ rating from the Better Business Bureau. FCS is a minority owned business that values diversity and inclusivity. They employ over 600 people and has both onshore and offshore call centers.