109B Opp Ave - Medical FOR SALE


Andalusia, AL 36420
$875,000 USD
732-856-4349
109B Opp Ave, Andalusia, AL for Sale
$875,000 USD
Medical - FOR SALE
1/11
null | 9.31% Cap Rate

109B Opp Ave
Andalusia, AL 36420


HIGHLIGHTS

  • Strong Tenant Credit: Renalus Kidney Care (NNN lease) and LHC Home Health (renewed gross lease) are reputable, established tenants.
  • Significant Tenant Investment: $450,000 in upgrades by Renalus and $115,000 by LHC reflect strong tenant commitment.
  • Long-Term Stability: Over 7 years WALT provides a stable, long-term investment with committed healthcare tenants.
  • Early Lease Renewal: LHC Home Health, a nationally recognized provider with 500+ locations, recently signed an early renewal on its lease in August
  • Comprehensive Renovation: The building was completely renovated in 2020, featuring a brand-new roof, HVAC systems, flooring, windows, electrical.

OVERVIEW

Zeustra Healthcare Real Estate Advisors is pleased to present an exclusive opportunity to acquire a fully renovated multi-tenant medical office building at 109 Opp Ave, Andalusia, AL 3642. This property boasts long-term leases with two highly creditworthy tenants, Renalus Kidney Care and LHC Home Health, both recognized for their strong reputations and expansive operations. Renalus Kidney Care, the premier nephrology provider in the region, controls 90% of the market as the only nephrology practice between Mobile and Tallahassee. Their 26-year track record, backed by 14 physicians and 30 nurse practitioners, underscores their market dominance and commitment to specialized care. LHC Home Health, a nationally recognized healthcare provider with 500+ locations, recently demonstrated their commitment to this property by committing to an early lease renewal August 2024 and investing over $115,000 in tenant improvements. With a Weighted Average Lease Term (WALT) of 7 years, this investment provides a stable and secure income stream supported by established, long-term tenants. The property’s 2020 renovation, including a new roof, HVAC systems, windows, flooring, electrical, and plumbing, further enhances its appeal as a low-maintenance, turnkey investment opportunity.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

9.31%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

13-04-18-4-404-040.000

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.