Single Tenant NNN Medical Investment

Investment Overview

Cushman & Wakefield | EGS Commercial Real Estate is pleased to present the exclusive opportunity to acquire 407 South 4th Street, Gadsden, AL 35901 ("the Property"), leased to Christopher B. Harmon, M.D., P.C. d/b/a Surgical Dermatology Group, a leading provider of outpatient dermatology and skin cancer treatment services. The ±2,700-square-foot facility is strategically positioned on approximately 0.487 acres and serves as a mission-critical healthcare location where patients receive medical, surgical, and select cosmetic dermatology services, including skin cancer screenings, biopsies, and minor dermatologic procedures. The property benefits from consistent patient demand, appointment-based operations, and the stability typically associated with outpatient healthcare real estate. The investment is further strengthened by a long-term lease structure and corporate affiliation with AQUA Dermatology, the Southeast's largest full-service skin care provider. The tenant is operating under a 12-year NNN lease that commenced on August 31, 2022, with approximately nine years of term remaining, providing investors with durable cash flow and limited landlord responsibilities. Additional lease security is provided through 2.5% annual rent increases and two five-year renewal options, creating a built-in hedge against inflation and long-term income growth.

Investment Highlights

• Long-term, single tenant lease in place
• 2,700 SF Building
• 0.487± Acres
• 12-year initial lease term (8 years remaining)
• NNN structure
• Two (2) five-year options
• 2.5% annual increases in Base Rent
• Lease commencement: August 31, 2022