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Property profile & analytics
OFF-MARKET
Office Spaces

1001 Franklin Dr Troy, AL 36081

3,068 SF 0.61 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,068 square foot medical office building in Troy, Alabama, currently housing an MRI clinic. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $81,600. Located on a 0.61-acre lot at 1001 S Franklin Dr, this single-tenant building benefits from a triple-net (NNN) lease with a highly creditworthy tenant (BBB+ S&P Credit Rating), Troy Regional Health System, extending until July 31, 2029 (4.7 years remaining). The clinic is the only MRI facility in Troy and enjoys a prime location directly across from the main hospital campus. This strategic positioning, coupled with the tenant's recent lease extension and significant investment in the property, including fully depreciable MRI equipment, ensures a stable and secure investment. The property is situated in a thriving university town, home to Troy University with over 18,000 students, promising continued growth and demand for healthcare services. The asking price is $1,125,517, translating to $366.86 per square foot. This is a rare opportunity to acquire a high-performing medical office building with a long-term lease and exceptional tenant creditworthiness in a dynamic market.

Property profile
Verified
Property type Office Spaces
Total area 3,068 SF
Lot 0.61 ac (26,572 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. David C. Montiel, MD Physician Medical Clinic
  • Troy Regional MRI and Women's Diagnostic Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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