Listed by Shannon Waltchack
$1,158,244
American Family Care | Fairfield, AL | Corporate Guarantee
Details
Property Type Office
Sub Type Medical Office, Medical
Square Footage 5,084
Cap Rate 6.00%
NOI $67,737
Tenancy Single
Brand/Tenant American Family Care
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/30/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options 1, 10-year option
Price per SqFt $228
Broker Co-Op Yes
Class A
Year Built 1994
Lot Size (SqFt) 43,762
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/31/2023
Office | 6.0% CAP | 5,084 SqFt
Marketing description
Highly visible from Aaron Aronov Drive (2022 AADT: 15,678)
Corporate-backed American Family Care lease
Absolute NNN lease – no landlord responsibilities
New American Family Care 15-year NNN lease with annual CPI escalations (2% Floor, No Cap)
Location Description:
1.7 miles from Miles College; 2.9 miles to Lawson State Community College
Listing Contacts
Listed by Shannon Waltchack
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,737.00
$5,644.75/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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