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Stopwatch Urgent Care | Tenant is Pandemic Resistant

$1,206,600

110 Legacy Parkway, Springville, AL 35146

Pending
Last Updated: 07/19/2021

8

Cap Rate

96,528

NOI

Details:
Cap Rate:    8%
NOI:    $96,528
Building Size:    3,600 sqft
Lease Type:    Modified Gross
Year Built:    2014
Price Per Sqft:    $335.17
Roof & Structure :    Landlord Responsibility
Repairs, Maintenance, HVAC & Utilities :    Tenant’s Responsibility
Property Taxes, Insurance and Common Area :    Tenant's Responsibility
Highlights:
  • Stopwatch Urgent Care Has 9 Locations Across Alabama and is Growing With 3 More Under Construction
  • Member of the IAPAM – International Association For Physicians in Aesthetic Medicine
  • Tenant is Pandemic Resistant and it Remained Open Throughout COVID
  • There is a 2.5% Rent Increase This Year
  • Landlord is Responsible For Roof and Structure Only
  • This Location is Less Than 30-Miles Northeast of Birmingham
  • Site Has Operated as an Urgent Care Since 2014 Urgent Care is a $16 Billion Industry With 3.5% Annual Growth; Approximately 9,300 Clinics in Operation in the United States as of November 2015 Employing Approximately 73,000 Healthcare Professionals*
  • “Urgent Care Clinics Handle About 89 Million Patient Visits Each Year, Which Includes More Than 29% of All Primary Care Visits in the U.S., and Nearly 15% of All Outpatient Physician Visits” – CEO Urgent Care Association**
  • Conveniently Located 0.25-Miles From Interstate 59 and Less Than 1-Mile From Main Street in Springville
  • Nearby Tenants Include: Exxon, Advance Auto Parts, Taco Bell, Walmart Supercenter, McDonald’s, Subway, Burger King, Dollar Tree and More
Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 3,600 SF Stopwatch Urgent Care Located at 110 Legacy Parkway in Springville, Alabama. The Tenant Has 9 Locations Across Alabama and is Growing With 3 More Under Construction. Tenant is Pandemic Resistant and Remained Open Throughout COVID, Providing For a Secure Investment.

Map:
Documents:
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Offering Memorandum
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