801 20th Ave E - Hospitals FOR SALE


Jasper, AL 35501
$2,000,000 USD
205-908-1661
801 20th Ave E, Jasper, AL for Sale
$2,000,000 USD
Hospitals - FOR SALE
1/7
null | 9.75% Cap Rate

801 20th Ave E
Jasper, AL 35501


HIGHLIGHTS

  • 30+ year operating history at location
  • Located in Jasper's primary commercial and healthcare corridor
  • Limited competition for similar medical-use product in surrounding markets
  • Operated by Orlando Health, a multi billion-dollar healthcare operator / Corporate Guarantee
  • Roof replaced in 2025
  • Ideal location next to Walmart and Walker County Health Department and less than ½ a mile from Baptist Health Walker Hospital 

OVERVIEW

This offering presents an opportunity to acquire a single tenant medical office property leased to Orlando Health, one of the Southeast’s most prominent and financially secure not for profit healthcare systems. The property, located at 801 20th Avenue East in Jasper, Alabama, has operated as a family practice for more than 30 years and was recently acquired by Orlando Health as part of their regional expansion strategy. The lease has three years remaining on the base term, which provides investors with a higher yield today and significant upside at renewal. Given the long operating history at the site, the brand-new roof replacement in 2025, and the property’s strategic location in Jasper’s retail and medical hub, renewal probability is considered very strong. Surrounding demand drivers include Walmart, Walker County Health Department, Baptist Health Walker Hospital, Harbor Chase of Jasper, and Lakewood Assisted Living of Jasper, all of which generate consistent patient traffic and reinforce the importance of this facility within the community. Patients benefit from easy accessibility and abundant surface level parking, creating a more convenient experience than larger hospital campuses with structured parking. With minimal landlord obligations limited to roof and structure, and with the roof fully replaced in 2025, investors enjoy a secure income stream with limited capital exposure. Backed by Orlando Health’s $7.2 billion in annual revenue and AA Fitch credit rating, this property combines institutional credit, essential healthcare demand, and an irreplaceable location, making it a compelling investment with both near-term yield and long-term value creation potential.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

9.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orlando Health

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

O

APN/PARCEL ID

17-01-11-2-203-003-0020

ASK ABOUT THIS PROPERTY

Chapman BrownMarcus & Millichap Real Estate Investment ServicesMore Info
205-908-1661

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Chapman BrownMarcus & Millichap Real Estate Investment ServicesMore Info
205-908-1661

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