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801 20th Ave E - Orlando Health 12,900 SF Health Care Building Offered at $2,617,350 CAD at a 10.40% Cap Rate in Jasper, AL 35501



INVESTMENT HIGHLIGHTS
- 30+ year operating history at location
- Limited competition for similar medical-use product in surrounding markets
- Roof replaced in 2025
- Located in Jasper's primary commercial and healthcare corridor
- Operated by Orlando Health, a multi billion-dollar healthcare operator / Corporate Guarantee
- Ideal location next to Walmart and Walker County Health Department and less than ½ a mile from Baptist Health Walker Hospital
EXECUTIVE SUMMARY
This offering presents an opportunity to acquire a single tenant medical office property leased to Orlando Health, one of the Southeast’s most prominent and financially secure not for profit healthcare systems. The property, located at 801 20th Avenue East in Jasper, Alabama, has operated as a family practice for more than 30 years and was recently acquired by Orlando Health as part of their regional expansion strategy.
The lease has three years remaining on the base term, which provides investors with a higher yield today and significant upside at renewal. Given the long operating history at the site, the brand-new roof replacement in 2025, and the property’s strategic location in Jasper’s retail and medical hub, renewal probability is considered very strong. Surrounding demand drivers include Walmart, Walker County Health Department, Baptist Health Walker Hospital, Harbor Chase of Jasper, and Lakewood Assisted Living of Jasper, all of which generate consistent patient traffic and reinforce the importance of this facility within the community.
Patients benefit from easy accessibility and abundant surface level parking, creating a more convenient experience than larger hospital campuses with structured parking. With minimal landlord obligations limited to roof and structure, and with the roof fully replaced in 2025, investors enjoy a secure income stream with limited capital exposure. Backed by Orlando Health’s $7.2 billion in annual revenue and AA Fitch credit rating, this property combines institutional credit, essential healthcare demand, and an irreplaceable location, making it a compelling investment with both near-term yield and long-term value creation potential.
The lease has three years remaining on the base term, which provides investors with a higher yield today and significant upside at renewal. Given the long operating history at the site, the brand-new roof replacement in 2025, and the property’s strategic location in Jasper’s retail and medical hub, renewal probability is considered very strong. Surrounding demand drivers include Walmart, Walker County Health Department, Baptist Health Walker Hospital, Harbor Chase of Jasper, and Lakewood Assisted Living of Jasper, all of which generate consistent patient traffic and reinforce the importance of this facility within the community.
Patients benefit from easy accessibility and abundant surface level parking, creating a more convenient experience than larger hospital campuses with structured parking. With minimal landlord obligations limited to roof and structure, and with the roof fully replaced in 2025, investors enjoy a secure income stream with limited capital exposure. Backed by Orlando Health’s $7.2 billion in annual revenue and AA Fitch credit rating, this property combines institutional credit, essential healthcare demand, and an irreplaceable location, making it a compelling investment with both near-term yield and long-term value creation potential.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$272,283
|
$21.11
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $272,283 |
| Annual Per SF | $21.11 |
PROPERTY FACTS
| Price | $2,617,350 CAD | Building Class | B |
| Price Per Bed | $261,735 CAD | Lot Size | 1.66 AC |
| Sale Type | Investment | Building Size | 12,900 SF |
| Cap Rate | 10.40% | No. Beds | 10 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Hospital | Year Built/Renovated | 1992/2025 |
| Zoning | O - Office District - designated for professional, administrative, and business office uses | ||
| Price | $2,617,350 CAD |
| Price Per Bed | $261,735 CAD |
| Sale Type | Investment |
| Cap Rate | 10.40% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 1.66 AC |
| Building Size | 12,900 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 1992/2025 |
| Zoning | O - Office District - designated for professional, administrative, and business office uses |
PROPERTY TAXES
| Parcel Number | 17-01-11-2-203-003-0020 | Improvements Assessment | $324,999 CAD |
| Land Assessment | $40,428 CAD | Total Assessment | $365,427 CAD |
PROPERTY TAXES
Parcel Number
17-01-11-2-203-003-0020
Land Assessment
$40,428 CAD
Improvements Assessment
$324,999 CAD
Total Assessment
$365,427 CAD
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801 20th Ave E - Orlando Health
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