1159 Wills Rd - Medical FOR SALE
Boaz, AL 35957 |
$1,548,387 USD
949-662-2256
1159 Wills Rd
Boaz, AL 35957
HIGHLIGHTS
- LONG- TERM STABLE INVESTMENT | There are ±9.7 years remaining on the NNN lease with 3% annual increases and two, 5-year options to extend the lease.
- VERY PASSIVE LEASE STRUCTURE | There are minimal landlord responsibilities throughout the lease term, offering a passive investment.
- SCHEDULED RENTAL INCREASES I HEDGE AGAINST INFLATION The lease features 3% annual rental escalators.
- HEALTHCARE REAL ESTATE I RECESSION RESISTANT PROPERTY | Veterinary hospitals are extremely sought-after investments for their resistance to downturns.
- TENANT INVESTMENT IN LOCATION | Veterinary hospitals rarely relocate due to the difficulty of retaining the same patients.
- ROBUST GROWTH INDUSTRY | The global veterinary services market size is expected to reach $142 billion by 2025, with a CAGR of 5.6% during that period.
FOR SALE DETAILS
PRICE
$1,548,387 USD
PRICE/SF
$196 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
0.56 AC
LAND SF
24,455 SF
ZONING
-
APN/PARCEL ID
180931-1-001-006000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
949-662-2256
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
949-662-2256
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
