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Archbold Medical Center 2621-2643 E Pinetree Blvd 13,813 SF Retail Building Thomasville, GA 31792 $5,046,301 CAD ($365.33 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Corporate-guaranteed lease by John D. Archbold Memorial Hospital, Inc. with $512M revenue and $55M net income (2024)
- No early termination or kick-out clause
- Sole hospital provider in Thomas County with dominant regional position
- Double net (NN) lease through 12/31/2035 with renewal options through 2045
- Minimal landlord responsibilities limited to roof, structure, and 50% HVAC replacement
- Strong five-mile demographics with 31,172 population and $85,202 average household income
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical office facility leased to John D. Archbold Memorial Hospital, Inc., located in Thomasville, Georgia. The property consists of 1.85 acres improved with a 13,813-square-foot, single-story medical office building originally constructed in 2004, with a roof replacement completed in 2015, and is positioned along the heavily traveled East Pinetree Boulevard corridor.
The lease commenced January 1, 2024 and runs through December 31, 2035 under a double net (NN) structure. The tenant is responsible for utilities, CAM, insurance, taxes, interior and exterior maintenance, and HVAC upkeep, while the landlord’s obligations are limited to the roof, structure, and 50% of HVAC replacement. The lease is corporately guaranteed by John D. Archbold Memorial Hospital, Inc., which generated $512 million in total revenue and $55 million in net income in 2024, with two additional five-year renewal options extending the potential lease term through December 2045.
In Association With: Brian Lane - GA Lic. #242513
The lease commenced January 1, 2024 and runs through December 31, 2035 under a double net (NN) structure. The tenant is responsible for utilities, CAM, insurance, taxes, interior and exterior maintenance, and HVAC upkeep, while the landlord’s obligations are limited to the roof, structure, and 50% of HVAC replacement. The lease is corporately guaranteed by John D. Archbold Memorial Hospital, Inc., which generated $512 million in total revenue and $55 million in net income in 2024, with two additional five-year renewal options extending the potential lease term through December 2045.
In Association With: Brian Lane - GA Lic. #242513
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$335,579
|
$24.29
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $335,579 |
| Annual Per SF | $24.29 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,813 SF
Building Class
B
Year Built/Renovated
2004/2015
Price
$5,046,301 CAD
Price Per SF
$365.33 CAD
Cap Rate
6.65%
NOI
$335,579 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.85 AC
Zoning
2
Parking
69 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Archbold Medical Group
- Health Care and Social Assistance
- 13,813 SF
- $24.25 CAD
- Double Net
- Dec 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Archbold Medical Group | Health Care and Social Assistance | 13,813 SF | $24.25 CAD | Double Net | Dec 2035 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-001008 | Improvements Assessment | $1,041,952 CAD |
| Land Assessment | $360,164 CAD | Total Assessment | $1,402,116 CAD |
Property Taxes
Parcel Number
010-001008
Land Assessment
$360,164 CAD
Improvements Assessment
$1,041,952 CAD
Total Assessment
$1,402,116 CAD
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Archbold Medical Center | 2621-2643 E Pinetree Blvd
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