STREAM Capital Partners > Properties > All Properties > Surgical Dermatology Group

Surgical Dermatology Group

Net Lease

407 South 4th St. , Gadsden, Alabama
Ownership Type:
Owner/User
Price:
$604,275
Cap Rate:
7.25%
Current Rent:
$43,810
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof, Structure, HVAC replacement
Renewal Options:
2-5 Year Options
Building Sq. Ft.:
2,700 sf
Rent Increases:
2.5% Annually
Site Size:
.69 acres

Investment Highlights

  • Strong Guarantor (Aqua Dermatology)
  • Specialized medical use with strong unit level financials and established track record
  • Long term NN Lease structure with minimal LL responsibilities
  • Complete renovation in 2020
Ownership Type:
Owner/User
Price:
$604,275
Cap Rate:
7.25%
Current Rent:
$43,810
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof, Structure, HVAC replacement
Renewal Options:
2-5 Year Options
Building Sq. Ft.:
2,700 sf
Rent Increases:
2.5% Annually
Site Size:
.69 acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Jordan Williams

Senior Associate
205 209 5671[email protected]

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