nn lease

MainStreet Family Care & KidsStreet Urgent Care | Mobile, AL

Sands Investment Group is Pleased to Present Exclusively For Sale the NN Lease Investment Opportunity Located at 6280 Grelot Road in Mobile, Alabama.

  • Over 8 Years Remaining on a Double Net (NN) Lease With Four (4) Five (5) Year Options Periods
  • Landlord is Responsible For Roof and Structure (Structure Only; Includes Long Term Roof Warranty)
  • 10% Rent Increases Every 5 Years During Initial Term
  • 9.18% Cash-on-Cash Return
  • Located Adjacent to the Entrance of a Winn-Dixie Anchored Grocery Center
  • This Property Includes a KidsStreet Urgent Care and MainStreet Family Care; KidsStreet Treats Children Ranging From Newborn to 15 Years Old, While Just Next Door, the MainStreet Clinic Will See Patients Ages 16 and Up
  • MainStreet Family Care Operates Over 17 Clinics Across Alabama
  • Stable Regional Tenant Undergoing Rapid Growth
  • Excellent Visibility From Grelot Road Which Sees Over 32,930 Vehicles Per Day
  • Located About 1-Mile From University of South Alabama Which Has Over 15,000 Students
  • Strong Demographics – Over 138,780 People With An Average Household Income of $67,121 Within a 5-Mile Radius of the Property
  • Nearby Tenants Include: Winn-Dixie, Zaxby’s, Starbucks, Wendy’s, McDonald’s, Firehouse Subs, Walgreens, Krispy Kreme, Home Depot, Walmart and More

In Cooperation with BoR: Andrew Ackerman – Lic. #C0001099750

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities