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150 Tompkins St 17,000 SF 46% Leased Office Building Heflin, AL 36264 $2,766,780 CAD ($162.75 CAD/SF) 8.88% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Strong value-add with renewing leases
  • Priced well below replacement cost
  • Internet, pandemic, and recession proof asset
  • New roof in 2024

EXECUTIVE SUMMARY

2-Tenant NNN medical investment sale!
8.5 years left on NNN Southern Immediate Urgent Care Lease. Top grossing location of all of their 10 locations!
Southern Immediate Care just completed an early 5yr lease renewal
Corporate Guaranty (10 locations)
One (1) Five-year renewal options.
Southern Immediate Urgent Care occupies 7,820 square feet; 9,180 vacant
Strong credit Tenant with a Corporate Guaranty
Internet, Recession a Pandemic Proof Asset.
Below Market Rent
$177,610/yr NOI
NNN Lease with Tenant responsible for Property Taxes, Property Insurance, CAM and roof/structure.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
17,000 SF
Building Class
B
Year Built/Renovated
1997/2019
Price
$2,766,780 CAD
Price Per SF
$162.75 CAD
Cap Rate
8.88%
NOI
$245,704 CAD
Percent Leased
46%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,000 SF
Building FAR
0.11
Lot Size
3.60 AC
Opportunity Zone
Yes

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • -

The team of healthcare professionals at Southern Immediate Care are dedicated to providing the highest quality of care in a timely and efficient manner. They strive to provide the best possible care for their patients, and they are committed to providing a safe, comfortable, and friendly environment for their patients and their families. Southern Immediate Care offers a wide range of services, from minor illnesses and injuries to more serious medical issues. Their team of medical professionals is well-trained and experienced in providing the most up-to-date treatments and care. They also provide preventive care services, such as physicals and immunizations, to help keep their patients healthy. At Southern Immediate Care, they believe that every patient deserves to be treated with respect and compassion. They strive to provide a friendly and welcoming atmosphere for their patients and their families.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-05-21-0-002-004.000
Land Assessment
$25,338 CAD
Improvements Assessment
$354,783 CAD
Total Assessment
$380,121 CAD
  • Listing ID: 37255443

  • Date on Market: 2025-08-13

  • Last Updated:

  • Address: 150 Tompkins St, Heflin, AL 36264

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