717 Stone Ave - Medical FOR SALE


Talladega, AL 35160
$1,854,415 USD
714-356-2682
717 Stone Ave, Talladega, AL for Sale
$1,854,415 USD
Medical - FOR SALE
1/15
null | 7.5% Cap Rate

717 Stone Ave
Talladega, AL 35160


HIGHLIGHTS

  • Leasehold Opportunity - On Campus Built-to-Suit Fresenius Dialysis Clinic (2004)
  • Long-Term Operating History | Fresenius recently executed a 7-year extension; lease now runs through August 31, 2033
  • Ground Lease Through July 31, 2033 | Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms
  • NNN Leasehold Structure
  • Alabama requires a Certificate of Need (CON) for dialysis centers, limiting competition and supporting tenant retention
  • Leasehold structure allows for depreciation of nearly the entire ownership basis, offering investors a meaningful tax benefit

OVERVIEW

Cook Commercial Partners are pleased to present the Fresenius Medical Care – Talladega Leasehold Opportunity, a single-tenant dialysis clinic in Talladega, AL. The 7,536 SF facility was built-to-suit for Fresenius in 2004. Fresenius recently signed a 7-year lease extension, securing the term through August 31, 2033. The lease features 2% annual rental increases and two additional five-year renewal options. The ground lease runs through July 31, 2033, with two 15-year renewal options. Located on the campus of Citizens Baptist Medical Center (Orlando Heath), a 122-bed acute care hospital, this mission-critical facility offers investors stable cash flow, annual rental growth, and a long-term commitment from the world’s leading dialysis provider. Purchaser holds the absolute right to renew the ground lease for two additional 15-year terms exercisable by written notice prior to February 1, 2033.

FOR SALE DETAILS

PRICE

$1,854,415 USD

PRICE/SF

$246 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Fresenius Medical Care of Talladega Leasehold

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

13-07-26-2-007-001.800

ASK ABOUT THIS PROPERTY

Kassidy SevillaCook Commercial PartnersMore Info
714-356-2682

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Kassidy SevillaCook Commercial PartnersMore Info
714-356-2682

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