Valley MOB
100% Occupied Medical Office | Diversified Healthcare Tenancy | Annual Rent Growth
Marketing description
Northmarq is pleased to offer qualified investors the opportunity to acquire the fee simple interest in Valley MOB, a 100% occupied, multi-tenant medical office building located at 207 Fob James Drive in Valley, Alabama. The property consists of 2 acres improved with an 8,900-square-foot, single-story brick and metal building constructed in 1994 and expanded in 2009. The tenant roster includes Dr. Ivan L. Slavich III, Shelley Orthodontics, Enhabit Home Health, and A Step Above After School Care, providing a diversified mix of healthcare and community-service uses within one of eastern Alabama’s few purpose-built outpatient facilities.
All four leases are structured as modified gross with annual rent escalations. The weighted average lease term remaining is 2.83 years, and gross scheduled rent for fiscal year 2026 is $128,461, generating an in-place NOI of $105,460. The property is situated along Fob James Drive, approximately one mile south of Interstate 85, near Southern Union State Community College, Lakewood Senior Living, Valley Medical Park, and East Alabama Medical Center – Lanier, within a regional economy supported by nearby Kia Motors Manufacturing Georgia in West Point.
In Association With: Brian Lane - AL Lic. #000079670-0
Investment highlights
100% Occupied, Diversified Healthcare Tenancy – Four tenants across internal medicine and cardiology, home health, orthodontics, and after-school care
Attractive Going-In Yield With Near-Term Rent Growth – In-place NOI of $105,460 at a 7.60% cap rate with annual lease escalations
Staggered Lease Expirations Reduce Rollover Risk – Lease expirations spread across 2028, 2029, and 2030
Modified Gross Leases With Limited Landlord Exposure – Tenants cover minor repairs and share certain operating expenses
Established Healthcare Corridor With Limited Competing Supply – Near Valley Area Primary Care, East Alabama Medical Center – Lanier, Fresenius, and Chattahoochee Hospice
Regional Economic Momentum Anchored By Kia Manufacturing – Supported by nearby Kia-related industrial and supplier growth
Aging Population Drives Outpatient Demand – Senior demographics and Medicare spending support outpatient healthcare services
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
