Investment Overview
The property is offered at $1,414,839 with a new 10-year NNN lease commencing at close. Base rent is $15.00/SF, generating $109,650 annually ($9,137 monthly). Rent grows 3% annually, with tenant covering all expenses.
The property is offered individually or as a portfolio with 109 Holiday Ct, D10, Franklin, TN & 333 Business Cir, Pelham, AL.
Investment Highlights
- $109,650 Year 1 NOI – secured by Ally Psychiatry HQ operations
- 7.7% unleveraged cap rate on in-place contractual rent
- Largest building in portfolio at 7,310 SF on ±0.59 acres
- Anchored by Montgomery’s healthcare hub with 3 major hospital systems
- Tenant credit supported by multi-state platform and 150+ clinicians