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Fresenius Medical Care | Eyeglass World 1851 Manchester Expy

11,600 SF 100% Leased Retail Building Columbus, GA 31904 £1,760,513 (£152/SF) 7.26% Net Initial Yield

Investment Highlights

  • Premium Location with Strong Traffic Count ? Less Than Half Mile from St. Francis Emory Hospital ? Over 35,000 Average Vehicles Per Day on Manchester
  • Longstanding Tenancy with Lease Extensions ? Both Tenants are Original to Building and Account for a Combined 50 Years of Tenancy at Location
  • Below Replacement Cost & Below Market Rent ? Provides Investor with Great Value, Upside, and Stability
  • Publicly Traded National Tenancy ? Fresenius (FMS) and Eyeglass World (EYE)
  • Annual Rental Increases ? Avg. of 1.97% Annual Rental Increase Across Building
  • Recent Capital Improvements ? New Drainage System Completed in 2024

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,600 SF
Building Class
C
Year Built
1999
Price
£1,760,513
Price Per SF
£152
Net Initial Yield
7.26%
NOI
£127,813
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.36
Lot Size
0.74 AC
Zoning
Commercial
1 of 1

Nearby Major Retailers

Starbucks
Planet Fitness
Rent-A-Center
The Juicy Crab
Waffle House
Walmart Neighborhood Market
Houlihan's Restaurant & Bar
Regions Bank
IHOP
Krystal

PROPERTY TAXES

Parcel Number 034-025-001 Improvements Assessment £356,900
Land Assessment £121,064 Total Assessment £477,964

PROPERTY TAXES

Parcel Number
034-025-001
Land Assessment
£121,064
Improvements Assessment
£356,900
Total Assessment
£477,964
(813) 210-7741

Contacts

  • Listing ID: 32504209

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 1851 Manchester Expy, Columbus, GA 31904

The Retail Property at 1851 Manchester Expy, Columbus, GA 31904 is currently available for sale. Contact Marcus & Millichap for more information.

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© 2024 CoStar Group

Fresenius Medical Care | Eyeglass World | 1851 Manchester Expy
(813) 210-7741 x

Fresenius Medical Care | Eyeglass World | 1851 Manchester Expy

1/2

Christopher Biuso

(813) 210-7741

(813) 210-7741

Scott Gould

(407) 557-3824

(407) 557-3824

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