NEURAGENEX

ALPHARETTA, GA

Neuragenex stands as the nation’s most rapidly growing healthcare brand and platform, poised to expand from its current 15 operating locations to an impressive 56 within the next year. Founded by medical professionals, Neuragenex Treatment Centers was established to provide patients with access to pain relief without surgery, drugs or invasive treatments through high pulse external electrical stimulation and specialized hydration therapy.

Property Information

  • Tenant: Neuragenex
  • Location: 5315 Flynn Crossing Drive, Alpharetta, GA 30005
  • Property Type: Freestanding, Medical
  • Building Size: 4,061 sq. ft
  • Purchase Price: $7,271,750
  • Cap Rate: 6.50%

 

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Lease Information

  • Lease Guarantor: Personal; President, Founder, CEO
  • Initial Lease Term: 20 years
  • Rent Increases: 2% increases every year
  • Renewal Options: Four 5-year options

Alpharetta, GA

Alpharetta is known for its excellent school system, job opportunities, shopping, restaurants, cultural events, parks and access to work. Today, over 3,600 Alpharetta businesses employ over 120,000 people, more than three times the City’s total population. Almost 70,000 jobs were created in the past five years alone. From a sleepy town of 3,000 people, Alpharetta has become a major business hub.

 

 

 

About Tenant In Common

Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.

This Millcreek Commercial property has the following characteristics:

  • Property is offered debt-free

  • Long-term, corporate-guaranteed lease
  • Satisfies IRS requirements for 1031 exchanges

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Office | 385.248.0613