request_info_guest true
Street View
Map
7 Photos

MainStreet Family Care | Corporate Guaranteed

$1,375,000

1195 S Alabama Avenue, Monroeville, AL 36460

Pending
Last Updated: 03/30/2021

7.6

Cap Rate

104,500

NOI

Details:
Cap Rate:    7.6%
NOI:    $104,500
Building Size:    3,354 sqft
Lot Area:    0.73 acres
Lease Type:    Double Net
Year Built:    2017
Price Per Sqft:    $409.96
Roof & Structure:    Landlord’s Responsibility
HVAC:    Tenant’s Responsibility
Floor:    Tenant’s Responsibility
Highlights:
  • Over 8 Years Remaining on a Double Net (NN) Lease With Four (4) Five (5) Year Option 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
  • Sits 100 Yards From VF Factory Outlet, Which Has Sales Over $100 Million and Employs Over 1,000 Employees
  • Located 2-Miles From the Coastal Alabama Community College
  • MainStreet Family Care Operates Over 17 Clinics Across Alabama
  • Stable Regional Tenant Undergoing Rapid Growth
  • Property is Located Directly Along S Alabama Avenue Which Sees Over 8,100 VPD
  • Limited Competition in the Trade Area
  • Easy Access – Multiple Points of Entry
  • Nearby Tenants Include: Dollar General, McDonald’s, Walgreen’s, AutoZone, Aaron’s, Walmart, Subway, Piggly Wiggly, Dollar Tree and More
Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 3,354 SF MainStreet Family Care Located at 1195 S Alabama Avenue in Monroeville, AL. This Corporate Guaranteed Double (NN) Net Lease Has Over 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

Map:
Documents:
Title
Offering Memorandum
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery