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2820 Veterans Memorial Dr 5,642 SF 100% Leased Office Building Adamsville, AL 35005 $725,189 CAD ($128.53 CAD/SF) 7.25% Cap Rate



Investment Highlights
- NNN lease — tenant responsible for taxes, maintenance, insurance, and HVAC.
- Oak Dental Partners operates ~70 dental offices across the Southeast.
- High build-out costs make relocation costly — interior dental build-out exceeds $150-200/SF.
- 50% occupied value-add opportunity — ideal for general dentist or specialty group.
- Dentistry is a $187 billion industry growing at an average of 5.3% annually.
- Walmart adjacent with 30,000 cars per day in front of the office.
Executive Summary
Hutt Cooke
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,642 SF
Building Class
B
Year Built
1988
Price
$725,189 CAD
Price Per SF
$128.53 CAD
Cap Rate
7.25%
NOI
$52,576 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,821 SF
Building FAR
0.18
Lot Size
0.71 AC
Zoning
C1
Parking
15 Spaces (2.06 Spaces per 1,000 SF Leased)
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 21-00-02-4-004-017.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $161,160 CAD |
Property Taxes
Parcel Number
21-00-02-4-004-017.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$161,160 CAD
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2820 Veterans Memorial Dr
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