Overview

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

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

Documents

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