Great Expressions Dental Center

Asset Type

Healthcare

Address
570 Lanier Ave W Fayetteville, GA United States 30214-7649
Asking Price

S$8,009,000

Sq Footage

22,013

Year Built

1990

Cap Rate

10.00%

Additional Attributes
Property Type Medical Office
Escalations 2.25% annually
Lease Expiration 2023-08-31
Lease Type NNN
Options 1, 10-year option
Tenant ADG, LLC

Property Description

JLL is pleased to offer for sale the fee-simple interest in two freestanding medical office buildings both leased by ADG, LLC d/b/a Great Expressions Dental Center (GEDC), located along Highway 54/Lanier Avenue (24,000 VPD) in Fayetteville, GA (Atlanta MSA). The tenant has 5.1 years of lease term remaining, with 2.25% annual rental escalations on an Absolute NNN lease with no landlord responsibilities. Great Expressions Dental Center is currently only operating in Building 2 while Building 1 is vacant. Building 2 is 11,852 SF, while Building 1 is 10,161 SF. The Asset is located along Highway 54/Lanier Avenue, a main east-west thoroughfare through Fayetteville with traffic counts in excess of 24,000 VPD. The Asset is strategically positioned within close proximity to other major medical centers in the area, and adjacent to a brand new multi-family development with 210 beds and 316 units. The Asset is located 23 miles from Downtown Atlanta.

Investment Highlights

• Absolute NNN lease with no landlord responsibilities
• 2.25% annual rental increases
• Potential upside with lease-up of vacant building
• Tenant operates over 300+ locations and is subsidiary of Roark Capital Group
• Frontage & Visibility from Highway 54 / West Lanier Avenue
• Located in Fayetteville, GA and county seat of Fayette County, Georgia which is becoming the “Hollywood of the East”
• Close proximity to other major medical centers and adjacent to a brand-new multifamily development with over 210 beds
Listing Contacts
Eric Suffoletto
Eric Suffoletto
EVP, Capital Markets
+65 3159 4021
IL - 475.14702
Brian Shanfeld
Brian Shanfeld
Managing Director, Captl Mkts
+65 3159 4021
IL - 475158824
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
Taylor Wolfes
SVP, Capital Markets
+65 3159 4021
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