1901 Mulberry St - Medical FOR SALE


Montgomery, AL 36106- Forest Park
$750,000 USD
949-221-1814
1901 Mulberry St, Montgomery, AL for Sale
$750,000 USD
Medical - FOR SALE
1/5
null | 7.47% Cap Rate

1901 Mulberry St
Montgomery, AL 36106
Forest Park


HIGHLIGHTS

  • STONECREEK DENTAL CARE | CORPORATE GUARANTY FROM ALABAMA DENTAL OPERATOR WITH 25+ LOCATIONS
  • 10-YEAR ABSOLUTE NET LEASE | ZERO LANDLORD RESPONSIBILITIES
  • STRATEGIC CORPORATE SALE LEASEBACK | LONG-TERM SUCCESS OF LOCATION
  • HIGH PERFORMING LOCATION: 3% RENT-TO-SALES RATIO
  • STRONG DEMOGRAPHICS | 134,417 RESIDENTS & 88,312 EMPLOYEES IN 5-MILE RADIUS
  • NEXT TO ALABAMA STATE UNIVERSITY | 5,465 STUDENTS

OVERVIEW

ALABAMA BROKER OF RECORD..... SPENCER AKIN.....License No. 000083270-0 Faris Lee Investments is pleased to present the opportunity to acquire a high-performing Stonecreek Dental property in Montgomery, Alabama. This corporate sale-leaseback features a brand-new 10-year absolute NNN lease, backed by one of the Southeast’s fastest-growing dental operators. With zero landlord responsibilities, ideal rent coverage, 10% rental increases, and proven sales performance, the asset offers a stable, passive investment opportunity. Stonecreek Dental operates 25 clinics across the region, including 18 in Alabama. Since partnering with Fremantle Capital in 2019, the group has more than doubled its systemwide sales. Stonecreek Dental has successfully operated at this location for over three years with consistent year of year sales growth. The subject property generated an impressive $1.75M in sales over the trailing twelve months. The new 10-year lease—with four 5-year options—will commence at close of escrow, with base rent set at $56,000, displaying Stonecreek’s long-term commitment to operating successfully at this location. Their chosen rent represents a mere 3% of occupancy cost, providing security for the landlord & tenant. Located between I-85 (100,000+ VPD) and Carter Hill Road, the property benefits from high visibility and strong regional drivers. It is proximate to Jackson Hospital (+52,000 annual patients), the Country Club Shopping Center (Winn-Dixie, Dollar General), and just 500 feet from Alabama State University, which is currently adding $87M in new student housing. With 66,000+ residents and 88,000+ employees within a 3-mile radius, this infill location offers both population density and daytime traffic. This offering presents a rare opportunity to acquire a well-located healthcare asset with below-market rent, strong operator backing, and completely passive ownership.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

7.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

StoneCreek Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

B-2

APN/PARCEL ID

10-04-17-3-028-001.000

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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