3215 Shrine Rd | Brunswick, GA 31520
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- LoopNet Team
3215 Shrine Rd
Brunswick, GA 31520
Southeast Eye Clinic & ASC | 15 Yr NNN 7.25% · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Extremely Sticky Tenancy – Medical office tenants have a history of being longstanding tenants especially as a surgery center.
- Passive Lease Structure – Maintain passive income with tenant responsibilities including taxes, insurance, and maintenance.
- Hospital Adjacent Location – The buildings sit adjacent to Southeast Georgia Health’s Brunswick campus, a 300-bed hospital.
- Annual Rental Increases – This lease includes 2.5% annual rental increases which are an ever important hedge for investors.
- Advantageous Return – A future owner will benefit from a year-1 return of 7.25% with an avg. cap rate of 8.67% over the base term.
- Strategic Medical Corridor – Southeast Eye is located among various medical offices and senior living centers.
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
13,179 SF
Building Class
B
Year Built
1985
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,179 SF
Building FAR
1.00
Lot Size
0.30 AC
Zoning
MED - Medical Office
AMENITIES
- Reception
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $273,640 | |
| Land Assessment | $80,360 | Total Assessment | $354,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$80,360
Improvements Assessment
$273,640
Total Assessment
$354,000
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