Single Tenant MOB Investment

1223 West Wheeler Parkway is located in West Augusta, a dense and established medical and commercial corridor. The property sits less than one mile from Doctors Hospital of Augusta, a 350-bed acute care facility and key anchor of the West Augusta Medical District. Immediate access to I-20 and I-520 connects the location to downtown Augusta, Evans, Grovetown, and North Augusta, SC. The nearby Augusta Exchange shopping center is a regional retail hub that draws consistent traffic and provides added visibility and accessibility. The area is characterized by stable healthcare tenancy, high-demand commercial real estate, and ongoing development.The Finem Group at Meybohm Commercial is pleased to present a fully leased medical office investment opportunity located at 1223 West Wheeler Parkway in Augusta, GA. This 2,700-square-foot medical office building is 100% leased to Labcorp, a national healthcare diagnostics provider with an investment-grade credit rating of BBB from S&P. The property was originally developed in 2010 as a build-to-suit for Labcorp, and the tenant has continuously occupied the building since completion, demonstrating strong long-term commitment to the site. The lease is structured as modified gross, with Labcorp responsible for utilities while the landlord covers other operating expenses. The current lease has just over two years remaining. Built with a durable mission-style stone exterior, the property is in excellent condition and is located directly adjacent to other medical office buildings in a strategic healthcare corridor. The short lease term and modified gross structure present a value-add opportunity to convert the lease to triple net (NNN) upon expiration and adjust rents to current market levels. Comparable medical office leases in the area are achieving triple net terms at similar rates. Located less than one mile from Doctors Hospital, I-20, and I-520, and one mile from the Augusta Exchange, this asset is well positioned within one of Augusta’s most established and active healthcare districts.