The Opportunity

  • Price: $2,965,000
  • Cap Rate: 10.10%
  • NOI: $299,501
  • Building Size: 14,680 SF
  • Parcel Size: 0.39 Acres
  • Year Built: 2002
  • Ownership Type: Leasehold
  • Occupancy: 100% Leased to 3 Tenants
  • Underlying Ground Lease Summary:
  • Ground Lessee: Fannin Medical Investors, Ltd.
  • Lease Type: NNN Ground Lease
  • Term Remaining: 25+ Years
  • Remaining Options: Two (2), Twenty-Five (25) Year Options
  • Annual Rent: *$2,416 (10% Rental Increases Every 5 Years) *Buyer is not responsible for ground lease rent payments.

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the leasehold interest in a 100% leased multi-tenant medical office property, (the “Property”) in Blue Ridge, Georgia, a scenic mountain town nestled in the heart of the North Georgia Blue Ridge Mountains. This offering provides investors the rare opportunity to acquire a stabilized, multi-tenant medical office building directly connected to a regional hospital via interior double-doors. As the only on-campus medical office building serving the hospital, the asset delivers a unique competitive advantage and consistent tenant demand. Coupled with its above-market yield, this investment combines immediate income generation with long-term stability driven by healthcare’s recession-resistant fundamentals. The connecting hospital was recently acquired by a private owner with plans to invest over $16,000,000 into the facility. The property is fully occupied by a strong mix of healthcare tenants, anchored by two major health systems along with one of the largest gastroenterology practices in the United States. Current occupants include Blue Ridge Medical Center, Atlanta Gastroenterology Associates, and Northside Hospital, which operates both an OB/GYN practice and a Heart & Vascular Center. This diversified lineup of essential healthcare providers creates a stable, recession-resistant tenant base that drives consistent long-term demand and reliable cash flow. Blue Ridge Medical Center, formerly known as Fannin Regional Hospital, is the only hospital within ~25 miles of Blue Ridge, Georgia. Blue Ridge Medical Center serves Fannin, Gilmer, and Union counties as well as parts of Tennessee and North Carolina. The property is positioned in a market with a strong concentration of aging residents, a key driver of healthcare demand. Within 10 miles, 47% of the total population is aged 55+, creating a deep and growing patient base well-suited for the property’s multiple medical specialties. The 2-mile trade area has demonstrated impressive growth since 2020, with population increasing by 6.9% and households by 8.8%. This upward trajectory is expected to continue, with projected growth through 2030 of 4.1% in population and 5.3% in households, ensuring a steadily expanding customer base and long-term demand drivers for the property.

Investment Highlights:

• HIGH-YIELD OPPORTUNITY – This offering provides investors the rare opportunity to acquire a stabilized, multi-tenant medical office building directly connected to a regional hospital via interior double-doors. As the only on-campus medical office building serving the hospital, the asset delivers a unique competitive advantage and consistent tenant demand. Coupled with its above-market yield, this investment combines immediate income generation with long-term stability driven by healthcare’s recession-resistant fundamentals.

• HEALTHCARE DEMAND DRIVEN BY 55+ POPULATION – The property is positioned in a market with a strong concentration of aging residents, a key driver of healthcare demand. Within 10 miles, 47% of the total population is aged 55+, creating a deep and growing patient base well-suited for the property’s multiple medical specialties.

• ONLY CRITICAL ACCESS HOSPITAL WITHIN 25 MILES – Blue Ridge Medical Center, formerly known as Fannin Regional Hospital, is the only hospital within ~25 miles of Blue Ridge, Georgia. Blue Ridge Medical Center serves Fannin, Gilmer, and Union counties as well as parts of Tennessee and North Carolina.
• 100% LEASED TO LEADING MEDICAL USERS – The property is fully occupied by a strong mix of healthcare tenants, anchored by two major health systems along with one of the largest gastroenterology practices in the United States. Current occupants include Blue Ridge Medical Center, Atlanta Gastroenterology Associates, and Northside Hospital, which operates both an OB/GYN practice and a Heart & Vascular Center. This diversified lineup of essential healthcare providers creates a stable, recession-resistant tenant base that drives consistent long-term demand and reliable cash flow.

• STRONG DEMOGRAPHIC MOMENTUM – The 2-mile trade area has demonstrated impressive growth since 2020, with population increasing by 6.9% and households by 8.8%. This upward trajectory is expected to continue, with projected growth through 2030 of 4.1% in population and 5.3% in households, ensuring a steadily expanding customer base and long-term demand drivers for the property.

Site Plan

map

Tenant

Blue Ridge Medical Center

Ownership: PRIVATE

Credit Rating: N/R

Headquarters: BLUE RIDGE, GA

Blue Ridge Medical Center, formerly Fannin Regional Hospital is consistently recognized as one of the Top Hospitals in Georgia in 2012, 2013, 2014, 2017, 2018 and 2024. Their workforce consists of more than 250 employees with a medical staff of over 75 physicians. Blue Ridge Medical’s staff consists of approximately 250 members, specializing in family practice, internal medicine, general surgery, radiology, emergency medicine, orthopedics, sports medicine, pulmonology, otolaryngology, ophthalmology, cardiology, urology, and gastroenterology. The Emergency Room (ER) department is linked with the cardiac services of Piedmont Hospital in Atlanta, and offers 24-hour emergency air flight for critical patients. Blue Ridge Medical Center is accredited by The Joint Commission with full standards compliance.

Brokerage Team

In Cooperation with Beau S. Terrell of Highgate Partners (License #281227) | beauterrell@highgatepartners.net | (404) 272-0970

Marco DiPrinzio

Marco DiPrinzio

James Yi

James Yi

Director
Forged Real Estate
Steve Schrenk

Steve Schrenk

Marc Mandel

Marc Mandel

Managing Principal
Forged Real Estate
Greg Zimmerman

Greg Zimmerman