MainStreet Family Care | Corporate Guaranteed

$1,485,413

2134 Douglas Avenue, Brewton, AL 36426

For Sale

Office Medical

Pending

Last Updated: 03/30/2021

Details:

Cap Rate: 7.63%

NOI: $113,337

Building Size: 3,373 sqft

Lot Area: 0.67 acres

Lease Type: Double Net

Year Built: 2017

Price Per Sqft: $440.38

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:

~8 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
10.47% Cash-on-Cash Return
Property Sits Across the Street From T.R. Miller High School
Situated Less Than 1-Mile From the DW McMillian Regional Hospital
Easy Access – Multiple Points of Entry
MainStreet Family Care Operates Over 17 Clinics Across Alabama
Stable Regional Tenant Undergoing Rapid Growth
Limited Competition in the Trade Area
Property is Perfectly Located Along Douglas Avenue Which Sees 13,295 VPD
Brewton Was Ranked as “One of the 100 Best Small Towns in America” in Norman Crampton’s Book, The 100 Best Small Towns in America
Nearby Tenants Include: Taco Bell, Huddle House, Dollar Tree, Walmart Supercenter, Whataburger, Burger King, Dollar General and More

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 3,373 SF MainStreet Family Care Located at 2134 Douglas Avenue in Brewton, AL. This Corporate Guaranteed Double (NN) Net Lease Has ~8 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