Overview

Description

Sands Investment Group is Pleased to Present Exclusively For Sale the 3.961 SF MainStreet Family Care & KidsStreet Urgent Care Located at 6280 Grelot Road in Mobile, AL. This Corporate Guaranteed Double (NN) Net Lease Has Over 8 Years Remaining on the Lease, Providing For a Secure Long-Term Investment in One of Alabama’s Fastest Growing and Most Stable Markets.


In Cooperation with BoR: Andrew Ackerman Lic. #C0001099750

Highlights

• Over 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
• 9.18% Cash-on-Cash Return
• Located Adjacent to the Entrance of a Winn-Dixie Anchored Grocery Center
• This Property Includes a KidsStreet Urgent Care and MainStreet Family Care; KidsStreet Treats Children Ranging From Newborn to 15 Years Old, While Just Next Door, the MainStreet Clinic Will See Patients Ages 16 and Up
• MainStreet Family Care Operates Over 17 Clinics Across Alabama
• Stable Regional Tenant Undergoing Rapid Growth
• Excellent Visibility From Grelot Road Which Sees Over 32,930 Vehicles Per Day
• Located About 1-Mile From University of South Alabama Which Has Over 15,000 Students
• Strong Demographics – Over 138,780 People With An Average Household Income of $67,121 Within a 5-Mile Radius of the Property
• Nearby Tenants Include: Winn-Dixie, Zaxby’s, Starbucks, Wendy’s, McDonald’s, Firehouse Subs, Walgreens, Krispy Kreme, Home Depot, Walmart and More

Documents

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