30 Holmes Dr Oxford, AL 36203-2420

Property Details for 30 Holmes Dr

Year built

2017

Lot size

1.00 lot acres

Property size

4,442 SF

Property type

Medical offices

Property subtype

Medical centers

APN

21-09-29-2-001-036.003

APU

2109292001036003

Description

This exceptional investment opportunity presents a 4,376 square foot Class A retail property, currently leased to American Family Care, a top-performing urgent care facility in Oxford, Alabama. Located at 30 Holmes Dr, Oxford, AL 36203, this property sits at the prime corner of US Hwy 78 & I-20, boasting significant traffic counts of 19,193 and 37,868 vehicles daily, respectively. The property benefits from its location in a desirable area with easy access to amenities, schools, and major transportation routes. Oxford, AL is experiencing robust economic growth, with a 4.36% annual growth rate, ensuring a stable and appreciating asset. The current lease is a 15-year Absolute NNN lease, commencing August 1, 2023, and expiring July 31, 2038, leaving a substantial 13.7 years remaining. The lease includes annual rent increases based on CPI adjustments, with a 2% floor and no cap, providing consistent income growth. The tenant, American Family Care, is backed by a corporate guarantee, mitigating risk. The property offers a compelling 6.18% cap rate and a strong net operating income (NOI) of $156,478, with a price per square foot of $578.61. The asking price is $2,532,000. This is a rare opportunity to acquire a high-quality, net-leased property in a thriving market with a strong tenant and significant upside potential. The lease also includes a 10-year option.

Location Insight

City

Oxford

County

Calhoun

State

Alabama

Longitude

-85.8271

Latitude

33.6092

CBSA code

11500

CBSA name

ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments