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1004 Forestdale Boulevard, Birmingham, AL

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1004 Forestdale Boulevard

Birmingham, AL 35214 - Bessemer Submarket

(1.5 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:7,955 SF Land Area:1.48 AC (64,469 SF)
For Sale Price:$1,900,000 Price/SF:$238.84
Cap Rate:6.35 %
Parking:Free Surface spaces are available; Ratio of 4.4/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign, Signalized Intersection

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors the 100% fee-simple interest in a Fresenius property located in Birmingham, AL.

Fresenius is operating under a 15 year corporate lease with approximately 9 years remaining. This lease is guaranteed by Fresenius Medical Care Holdings, Inc., which holds an investment grade rating of BBB-/ Stable. The lease contains three (3), five (5) year renewal options, and features 7.5% increases every 5 years during the primary term. The NN lease structure requires the Tenant to pay for taxes, insurance and utilities, while the Landlord shall maintain and make all repairs to the roof, parking lot and structure.

The Property is located among several Nursing, Assisted Living and Rehabilitation Centers. It is located less than one mile from Birmingham Nursing and Rehabilitation Center, LLC, a 132-bed facility, which provides long term care for seniors in need of assisted living and respite care. It is also located down the street from Cherry Hill Healthcare Center and Oak Knoll Health and Rehabilitation, LLC.

Stan Johnson Company
Anne M Perrault
(918) 494-2690

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