9132 Highway 119 - Medical FOR SALE


Alabaster, AL 35007
$2,249,000 USD
980-498-3293
9132 Highway 119, Alabaster, AL for Sale
$2,249,000 USD
Medical - FOR SALE
1/3
null | 6.75% Cap Rate

9132 Highway 119
Alabaster, AL 35007


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • 60%+ DECADE GROWTH - ALABASTER, ALABAMA
  • AFFLUENT, GROWING TRADE AREA
  • CONTRACTUAL RENT GROWTH
  • PURPOSE-BUILT DENTAL FACILITY

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 3,928-square-foot net-leased medical asset located at 9100 Highway 119 in Alabaster, Alabama. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.1 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 2017 as a purpose-built dental facility, the property occupies a highly visible position along the Highway 119 retail corridor and benefits from strong surrounding retail fundamentals, including nearby Publix, Walmart Supercenter, Walgreens, Wendy’s, Taco Bell, 7 Brew, and numerous national retailers that draw consistent consumer traffic to the corridor. Located approximately 25 miles south of Birmingham, Alabaster is among the fastest-growing communities in the metropolitan area and serves as a major retail and service hub for the market. Supported by affluent demographics, continued residential growth, and more than $108,000 average household income within three miles of the property, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Alabama’s strongest suburban growth markets.

FOR SALE DETAILS

PRICE

$2,249,000 USD

PRICE/SF

$565 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Alabaster, AL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

-

APN/PARCEL ID

23-6-14-2-001-001-012

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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