407 S 4th St - Medical FOR SALE


Gadsden, AL 35901
$613,052 USD
662-234-4044
407 S 4th St, Gadsden, AL for Sale
$613,052 USD
Medical - FOR SALE
1/2
null | 7.25% Cap Rate

407 S 4th St
Gadsden, AL 35901


HIGHLIGHTS

  • Long-Term Lease: Fully leased to Surgical Dermatology Group with a 12-year NN+ lease, approximately 9 years remaining with 2.5% annual increases.
  • Established Tenant: Surgical Dermatology Group provides comprehensive dermatology at 9 locations across Alabama.
  • Large Guarantor: Lease guaranteed by Aqua Dermatology, the Southeast’s largest and most comprehensive full-service skin care provider.
  • Prime Medical Hub Location: Situated in Gadsden, Alabama, surrounded by complementary medical clinics.
  • Close to Major Hospital: In close proximity to the 281-bed Riverview Regional Medical Center, enhancing tenant synergy.

OVERVIEW

Randall Commercial Group, LLC is pleased to offer for sale a single-tenant medical investment property located in Gadsden, Alabama. This investment opportunity is fully leased to Surgical Dermatology Group, which signed a 12-year NN+ lease in 2022 with approximately 9 years remaining. The lease is guaranteed by Aqua Dermatology, the largest and most comprehensive full-service skin care provider in the Southeast (Source:https://www.aquadermatology.com/). The property is situated in a prime medical hub,surrounded by numerous complementary medical clinics and in close proximity to the 281-bed Riverview Regional Medical Center.

FOR SALE DETAILS

PRICE

$613,052 USD

PRICE/SF

$305 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

15-02-09-1-000-145.000

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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