1847 Commons North Dr - Medical FOR SALE


Tuscaloosa, AL 35406
$7,100,000 USD
847-361-4181
1847 Commons North Dr, Tuscaloosa, AL for Sale
$7,100,000 USD
Medical - FOR SALE
1/8
null | 7.25% Cap Rate

1847 Commons North Dr
Tuscaloosa, AL 35406


HIGHLIGHTS

  • Favorable Asset Class - Healthcare real estate provides favorable tenants due to long-term tenancy, higher rent averages, and increased property value
  • Passive Income - The NNN lease included with this asset offers investors a more hands off experience and ease of management
  • Affluent Market - The 3-mile radius surrounding this property has an impressive average household income of over $155,000
  • Growing Rents - Ensure the continued growth of your investment dollars with annual increases of 2.5%
  • Top Alabama MSA - Tuscaloosa is one of the top 5 largest cities in Alabama, boasting a strong presence of various hospitals totaling 1,168 beds

OVERVIEW

Fully occupied Surgery Center and Med Spa occupied by National PE-backed tenant with a NNN lease, annual rental increases, and long-term remaining. Prime real estate with a specialized, highly sticky tenant type with great rent coverage and located in a top city of Alabama near the University of Alabama and various hospitals. This deal checks all the boxes for long term, passive income as part of a 1031 exchange or addition to an existing medical portfolio.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ascend Plastic Surgery | 13 Yrs | NNN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,140 SF

ZONING

63

APN/PARCEL ID

21-09-31-4-003-004.011

ASK ABOUT THIS PROPERTY

Ryan BurkeMatthews Real Estate Investment ServicesMore Info
847-361-4181

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Ryan BurkeMatthews Real Estate Investment ServicesMore Info
847-361-4181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.