Contacts
Tommy Hannawa
Encore Real Estate Investment Services
Property Details
- Property Type Office - General Office
- Property Size 4,320 SF
- Lot Size 1.94 Acre
- Building Class A
- Year Built 2004
- Date Updated Jun 6, 2026
Alma is a city located in southeastern Georgia and serves as the county seat of Bacon County. Positioned along U.S. Routes 1 and 23, the city offers strong regional connectivity to major South Georgia markets including Waycross, Douglas, Brunswick, and the Jacksonville metropolitan area. Alma has a population of approximately 3,500 residents and functions as the commercial, governmental, and service center for Bacon County and the surrounding agricultural communities.
The local economy is rooted in agriculture, food processing, timber, and light manufacturing, with the region widely recognized for blueberry production and related agribusiness activity. Alma is known as the “Blueberry Capital of Georgia,” reflecting the area’s significant role in one of the state’s leading agricultural industries. Additional economic drivers include healthcare, education, retail trade, and small business activity that supports the broader rural trade area. Its location near major freight corridors and ports in Brunswick and Savannah further enhances distribution and logistics opportunities.
The broader Southeast Georgia region has experienced continued growth supported by industrial investment, expanding logistics networks, and population migration to lower cost Sun Belt markets. Nearby coastal Georgia markets have benefited from the Port of Brunswick and Port of Savannah, while inland communities such as Alma continue to attract businesses seeking affordable operating costs, workforce availability, and access to major transportation routes. Ongoing infrastructure improvements throughout the region have strengthened connectivity and commercial development prospects.
In recent years, Alma has seen continued investment in public facilities, downtown improvements, and community development initiatives aimed at supporting local business growth and enhancing quality of life. The city’s small town environment, stable economic base, and strategic regional location position Alma as a dependable market for long term commercial investment and essential retail services in South Georgia..
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Highlights
- Annual Rental Growth – Lease features 2% annual rent increases throughout the base term and renewal options, providing built-in NOI growth and inflation protection.
- Healthcare Necessity Tenant – Fresenius is a global leader in kidney dialysis care providing essential, recurring medical services with strong long-term demand drivers.
- Large Site with Ample Parking – 4,320 SF medical facility situated on a 1.94-acre parcel, allowing convenient patient access and strong site functionality.
- Low Occupancy Cost – Current rent of approximately $13.40 PSF offers affordable occupancy costs, supporting long-term tenant retention.
- On-site Manager Handling Maintenance Items for Property - Given Strict Medical Protocols and Minimized Tenant Disruption
- Recession-Resistant Medical Use – Dialysis treatment is a non-discretionary healthcare service, making the asset less sensitive to economic cycles than traditional retail properties.
- Strategic South Georgia Location – Positioned in Alma, the county seat of Bacon County, serving as a regional healthcare hub for surrounding rural communities.
- Strong Operator / Guarantor – Lease is guaranteed by Bio-Medical Applications of Georgia, Inc., an affiliate of Fresenius Medical Care.
- Tenant Exercised Early Renewal – Demonstrates tenant commitment to the location with 7+ years remaining on the current lease term through June 2033.
Getting around
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51/100
Walk Score ®
-
40/100
Bike Score ®
Powered by Walk Score ®
Location
- City Alma, GA
- Zip Code 31510
Points of Interest
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Valero
0.42 miles
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Dollar General Fuel
0.62 miles
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El Cheapo
0.73 miles
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Days Inn
0.48 miles
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Food Lion
0.90 miles
Contact Listing Broker
Tommy Hannawa
Encore Real Estate Investment Services