Birmingham, AL - VIP Care Medical Office

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 100% occupied, multi-tenant medical office property located in Birmingham, Alabama. The property totals 5,085 SF and is divided into 2 suites with Vital Smiles occupying 2,685 SF and VIPCare utilizing the remaining 2,400 SF. The offering consists of a e-commerce resistant tenant lineup comprised of essential medical tenants, creating a stabilized income stream for a new investor. VIPCare operates under a lease which is NNN in nature, limiting expense leakage for a future investor.

The asset is strategically located along Center Point Parkway, an arterial thoroughfare that supports over 30,000 vehicles per day. Furthermore, the site benefits from nearby access to State Highway 79 (26,200 VPD) and 23rd Avenue (8,100 VPD), making this an ideal centralized location with easy commutes. Located in a dense retail corridor the site is within close proximity of multiple national/credit tenants including Walmart Neighborhood Market, Food Giant, Goodwill, CVS, Walgreens, Dollar General, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Moreover, the site is ideally situated less than 2-miles east of Jefferson State Community College – Jefferson Campus (5,000 students), further increasing consumer traffic to the subject trade area. In addition, the site is located between The Madison Park Apartments (332 units) and the Magnolia Manor Apartments (162 units), providing a direct residential consumer base from which to draw. Located 14 miles from downtown Birmingham, the 5-mile subject trade area is supported by more than 91,000 residents and 32,000 daytime employees who earn an average household income of more than $76,000.