NNN Advanced Dermatology & Skin Care Centre

8573 County Road 64, Daphne, AL

Market Price

Price

$161,212

NOI

5,380 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$161,212
Building Size
5,380 sqft
Lot Area
1.01 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
2006
Floors
1
Parking Spots
41
Description

RI Marketplace Online Auction June 3-5, 2024
Register to Bid on RI Marketplace:

https://rimarketplace.com/auction/1943/nnn-advanced-dermatology-skin-care-centre?utm_source=brevitas&utm_medium=listing&utm_campaign=office_1943

Cook Commercial Partners, in partnership with Marcus & Millichap’s Commercial Property Auction, are pleased to present the STNL Advanced Dermatology & Skin Care Centre located in Daphne, AL. The subject property is a single-tenant, 5,380 square foot retrofit facility built to the tenants' specifications in 2016.

With just under five years of lease term remaining, this investment opportunity offers a stable rental income stream with a strong tenant and annual rental growth. The lease agreement includes attractive 2.89% annual rental increases, along with one additional five-year renewal option period to extend.

John Mickey Fowler
c/o Fisher Auction Company Inc.
License: ALSL466

Highlights
  • 100% Occupied By Advanced Dermatology & Skin Care Centre
  • Triple Net (NNN) Lease Structure
  • Attractive 2.89% Annual Rental Increases
  • One Five Year Renewal Option to Extend
  • Retro-Fit Facility for Advanced Dermatology & Skin Care Centre in 2016
  • Property Is Strategically Located Just 11 Miles From Downtown Mobile, AL
Documents
Title
More Info & CA
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Location
Gallery