Surgical Dermatology | Medical Office | Gadsden, AL
Office | 7.50% CAP | 2,023 SqFt
Marketing description
Randall Commercial Group, LLC is pleased to offer for sale a single-tenant medical investment property located in Gadsden, Alabama. This investment opportunity is fully leased to Surgical Dermatology Group, which signed a 12-year NN+ lease in 2022 with approximately 9 years remaining. The lease is guaranteed by Aqua Dermatology, the largest and most comprehensive full-service skin care provider in the Southeast (Source: https://www.aquadermatology.com/). The property is situated in a prime medical hub, surrounded by numerous complementary medical clinics and in close proximity to the 281-bed Riverview Regional Medical Center.
Investment highlights
Long-Term Lease: Fully leased to Surgical Dermatology Group with a 12-year NN+ lease, approximately 9 years remaining with 2.5% annual increases.
Established Tenant: Surgical Dermatology Group provides comprehensive dermatology at 9 locations across Alabama.
Large Guarantor: Lease guaranteed by Aqua Dermatology, the Southeast’s largest and most comprehensive full-service skin care provider.
Prime Medical Hub Location: Situated in Gadsden, Alabama, surrounded by complementary medical clinics.
Close to Major Hospital: In close proximity to the 281-bed Riverview Regional Medical Center, enhancing tenant synergy.
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