Listed by Shannon Waltchack
$2,343,440
American Family Care | Greenville, AL | Corporate Guarantee
Details
Property Type Office
Sub Type Medical Office, Medical
Square Footage 4,237
Cap Rate 6.00%
NOI $137,050
Tenancy Single
Brand/Tenant American Family Care
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2038
Remaining Term 12.1
Rent Bumps Yes
Lease Options 1, 10-year option
Price per SqFt $553
Broker Co-Op Yes
Class A
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2023
Office | 6.0% CAP | 4,237 SqFt
Marketing description
Outparcel to a Walmart Supercenter
Nearby national brands include Cracker Barrell, Sonic, Dollar Tree, Waffle House, McDonald’s, Walgreens, and more
Located just off of I-65 between Montgomery and Mobile (2022 AADT: 33,061)
Newer building (2016 construction)
Above market parking
New American Family Care 15-year NNN lease with annual CPI escalations (2% Floor, No Cap)
Investment highlights
Outparcel to a Walmart Supercenter
Nearby national brands include Cracker Barrell, Sonic, Dollar Tree, Waffle House, McDonald’s, Walgreens, and more
Located just off of I-65 between Montgomery and Mobile (2022 AADT: 33,061)
Newer building (2016 construction)
Above market parking
New American Family Care 15-year NNN lease with annual CPI escalations (2% Floor, No Cap)
Listing Contacts
Listed by Shannon Waltchack
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$137,050.00
$11,420.83/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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