AMA Medical - Urgent Care & Family Medicine
20-Year Absolute Net Lease | 2% Annual Rent Increases | 10.63% Blended Cap Rate
Marketing description
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Single Tenant Net Leased Medical Office Building (“The Property”) located in Greenville, AL.
The Property features a brand-new 20-year lease in a Sale-Leaseback structure with an extremely landlord-friendly lease. The lease is Absolute Net with zero landlord responsibilities, providing a truly passive investment with 2% annual rent increases driving continual income growth and a strong hedge against inflation. The annual rent increases create meaningful long-term NOI growth while providing investors with increasing cash flow throughout the initial lease term. The lease is guaranteed by parent organizations American Medical Administrators, Inc. (“AMA”) and Reliant Care Management (“RCM”), an integrated healthcare organization that has operated continuously since 1994 and generates more than $350 million in annual revenue. The organization operates a diversified portfolio of physician practices, specialty medical clinics, ambulatory surgery centers, laboratory services, durable medical equipment operations, and healthcare management services throughout multiple states.
The Property is strategically located along the Greenville Bypass, the primary commercial corridor serving Butler County and the surrounding region. Positioned just minutes from Interstate 65 and
proximate to the area’s major healthcare providers, the Property serves as a mission-critical healthcare facility benefiting from limited competing medical office supply, strong healthcare demand fundamentals, and long-term demographic tailwinds. The Property features a complementary tenant mix, including AMA Medical, Phoenix Physical Therapy, and a nutrition store affiliated with AMA Medical, creating a synergistic healthcare ecosystem that enhances tenant performance and customer convenience.
The Property is offered for sale at an 8.75% cap rate totaling $1,866,857.
Investment highlights
20-YEAR ABSOLUTE NET LEASE
- 20 Years Remaining On The Initial Term Of The Lease
- 8.75% Going-In Cap Rate Providing Immediate Day-One Cash Flow
- 2% Annual Rent Increases Providing Continual Income Growth And A Strong Hedge Against Inflation
- Absolute Net Lease Structure With Zero Landlord Responsibilities
- Ideal Passive Investment And 1031 Exchange Replacement Property
MISSION-CRITICAL MEDICAL OFFICE ASSET
- 100% Occupied Medical Clinical & Professional Office
- Master-Leased Healthcare Facility Occupied By AMA/RCM
- Recession-Resistant Medical Asset Class With Proven Demand Durability Across Economic Cycles
- Critical Community Healthcare Facility Benefiting From Long-Term Demand For Primary Care And Outpatient Medical Services
PREMIER HEALTHCARE LOCATION
- Situated Along The Greenville Bypass, Butler County’s Primary Commercial And Healthcare Corridor
- Approximately 0.6 Miles From Interstate 65 Providing Excellent Regional Accessibility Between Montgomery And Mobile
- Proximate To Regional Healthcare Providers And Established Patient Referral Networks
- Strong Demographic Fundamentals And Growing Healthcare Utilization Supporting Long-Term Occupancy Stability
INSTITUTIONAL QUALITY TENANT CREDIT
- Corporate Guarantee From American Medical Administrators, Inc. & Reliant Care Management
- Healthcare Organization Founded In 1994 With More Than 30 Years Of Operating History
- More Than $350 Million In Annual Revenue
- Multi-State Healthcare Platform Providing Investors With Long-Term Credit Stability And Bond-Like Income Characteristics
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