MainStreet Family Care | Corporate Guaranteed

$1,433,517

1401 Highway 14, Millbrook, AL 36054

For Sale

Office Medical

Active

Last Updated: 02/18/2021

Details:

Cap Rate: 7.25%

NOI: $103,930

Building Size: 3,366 sqft

Lot Area: 1.31 acres

Lease Type: Double Net

Year Built: 2017

Price Per Sqft: $425.88

Roof & Structure: Landlord’s Responsibility

HVAC: Tenant’s Responsibility

Repairs & Maintenance: Tenant’s Responsibility

Offered by

Neal Brock

Net Lease Advisor

Sands Investment Group

Request Info to Unlock

Highlights:

~9 Years Remaining on a Double Net (NN) Lease With Four (4) Five (5) Year Options Periods
Landlord is Responsible For Roof and Structure (Structure Only; Includes Long Term Roof Warranty)
10% Rent Increases Every 5 Years During Initial Term
9.19% Cash-on-Cash Return
Property Sits Directly Across the Street From a Walmart Supercenter
Located at the Entrance of a Proposed New Development, Millbrook Crossings, Which Features 250,000 SF of Retail, Town Homes and Multi-Family Living
Located 9-Miles From Montgomery, Which is the State Capital of Alabama
MainStreet Family Care Operates Over 17 Clinics Across Alabama
Stable Regional Tenant Undergoing Rapid Growth
Excellent Visibility From Highway 14 Which Sees Over 28,600 Vehicles Per Day
Limited Competition in the Trade Area
Easy Access – Multiple Points of Entry
Strong Demographics – Average Household Income of $71,823 Within a 5-Mile Radius
Nearby Tenants Include: YMCA, Walmart Supercenter, Zaxby’s, Dollar Tree, Wendy’s and More

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 3,366 SF MainStreet Family Care Located at 1401 Highway 14 in Millbrook, AL. This Corporate Guaranteed Double (NN) Net Lease Has ~9 Years of Term Remaining, Providing For a Secure Long-Term Investment Opportunity in a Growing and Stable Market in Alabama.

In Cooperation with BoR: Andrew Ackerman Lic. #C0001099750