Fairburn Place

Fairburn Place

2022 Fairburn Road
Douglasville (Atlanta MSA), GA

Price: $3,090,000
Cap: 7.25%
NOI: $223,744
Building Size: 11,900 SF
Lot Size: 1.56 AC

Investment Highlights

• Fairburn place is an 11,900 square foot strip center in a dense and heavilytrafficked Atlanta suburb
• The center is primarily tenanted for medical uses (87% of the c enter)
• Fairburn Place is at an intercept position of a major highway system, providing patients and customers ease of access to the center from different parts of Atlanta
• Less than 2 miles (4 minute drive) from Wellstar Douglas Hospital
• Included with the sale is a 12 x 27 Billboard that faces I-20, and is not currently leased

• Total Care Family Medicine (54.62% of GLA) is a medical gr oup practice located in Douglasville, GA that specializes in Nursing (Nurse Practitioner) and Family Medicine
• This tenant has 3 years remaining on the lease and we have confirmed that they are committed to the site long term (contact broker for details)
• Regional Medical Group (22.96% of GLA) is a net work of accident doctors & chiropractors serving Georgia with 18 locations state-wide.
• North Shore Medical Labs ( 10.08% of GLA) is a national full-ser vice clincal laboratory, dedicated to serving health care providers with efficient and accurate results.
• North Shore Medical Labs has 5 locations acr oss 3 states

• Fairburn Place is well located at the intersection of two major road systems, Interstate 20 and Hwy-92
• Interstate 20 sees 95,400 vehicles per day in this portion and is the major interstate that connects to Atlanta (Fairburn Place is a 10 minute drive to the city)
• Hwy-92 (Fairburn Road) sees 28,000 vehicles per day and tenants on this corridor include Kroger, Publix, Ingles, Tractor Supply, Walgreens, and more
• Demographics for this area are dense (5-Mile Pop: 95,679), and this location is direcly in the path of Atlanta’s growth down I-20

• Fairburn Place is less than 2 miles ( 4 minute drive) from Wellstar Douglas Hospital
• Wellstar is the largest and most integrated healthcare system in Georgia, affiliated medical groups, urgent care centers and provide tailored health plans.
• Wellstar has net assets of 1.7B and consists of 9 hospitals, 300+ medical office locations, 18 urgent cares, 80+ rehabilitation centers, 5 health parks, among many other business lines
• The Wellstart Douglas location has 102 beds and has won numerous awards including being ranked 6th best hospital in the nation for addressing social inequities by the Lown Institue & Number #3 Medium Sized Hospital by GeorgiaTrend

• Included with the sale is a 12 x 27 Billboard
• The owner currently has not pursued any tenants for this Billboard and it remains vacant, not underwritten into the analysis
• The Billboard faces I-20 (95,400 VPD) and has excellent visibility on both the eastbound and westbound side of the Interstate
• An independent advertising agency has quoted potential revenues for the billboard between $2000-$3000 per month, after expenses.

Zach Taylor
Eric Abbott

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