Stopwatch Urgent Care | Tenant is Pandemic Resistant
$1,206,600
110 Legacy Parkway, Springville, AL 35146
For Sale
Office
Medical
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.
Documents:
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Offering Memorandum
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