Main Street Urgent Care
PRICE
CAP RATE
LEASE TERM

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Richard G. Ludwig

Senior Director

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PROPERTY ADDRESS

1475 AL-14, Selma, AL 36703

PROPERTY INFORMATION

Price:
$1,390,000
Cap Rate:
7.50%
Term Remaining:
9 Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • NNN Lease Guarantees Zero Landlord Responsibilities
  • Brand New Construction Completed in Fall 2016
  • Outparcel to Walmart Supercenter | Adjacent to Selma Mall
  • Average Household Income Exceeds $39,000 Within 5 Miles
  • 5 Mile Radius Population of Over 26,162
  • Nearby Retailers Include Aaron’s, Dollar General, KFC & More

INVESTMENT SUMMARY

Fortis Net Lease is pleased to offer this portfolio of five rural urgent care centers located in Alabama. The Selma and Alexander City locations have been open since Fall 2016. The Eufaula, Moody, and Valley locations are on schedule to open in January of 2017. The opera-tor/tenant has ten existing locations with plans to add an additional ten locations in 2017. All five properties in this package are new construction with 10-year NNN leases. A national site selection company was used for each location and each property is free-standing on a major thoroughfare in its respective town. This portfolio is offered at 7.5% CAP rate or $7,086,653.00.