double nn net lease

MainStreet Family Care | Millbrook, AL

Sands Investment Group is Pleased to Present Exclusively For Sale the Double NN Net Lease Investment Opportunity Located at 1401 Highway 14 in Millbrook, Alabama.

  • ~9 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
  • 9.19% Cash-on-Cash Return
  • Property Sits Directly Across the Street From a Walmart Supercenter
  • Located at the Entrance of a Proposed New Development, Millbrook Crossings, Which Features 250,000 SF of Retail, Town Homes and Multi-Family Living
  • Located 9-Miles From Montgomery, Which is the State Capital of Alabama
  • MainStreet Family Care Operates Over 17 Clinics Across Alabama
  • Stable Regional Tenant Undergoing Rapid Growth
  • Excellent Visibility From Highway 14 Which Sees Over 28,600 Vehicles Per Day
  • Limited Competition in the Trade Area
  • Easy Access – Multiple Points of Entry
  • Strong Demographics – Average Household Income of $71,823 Within a 5-Mile Radius
  • Nearby Tenants Include: YMCA, Walmart Supercenter, Zaxby’s, Dollar Tree, Wendy’s 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