Property profile

6554 Aaron Aronov Dr Fairfield, AL 35064

FOR LEASE
Medical Office Space
Property ID
US03-0967914
5,654 SF 0.98 ac lot Built 1994
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,093-square-foot Class A retail building in Fairfield, Alabama, currently leased to American Family Care, Inc. under a new 15-year Absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 7.21% cap rate and a substantial net operating income (NOI) of $67,737. The lease includes annual rent bumps tied to CPI increases, with a 2% floor and no cap, ensuring consistent income growth. The tenant, American Family Care, Inc., provides a corporate guarantee, mitigating risk. The building enjoys a highly visible location on Aaron Aronov Drive, experiencing an impressive 16,595 average annual daily traffic (AADT) in 2022. Its strategic proximity to Miles College (1.7 miles) and Lawson State Community College (2.9 miles) further enhances its appeal and potential for long-term success. The property offers a compelling investment proposition with minimal landlord responsibilities due to the Absolute NNN lease structure. The asking price is $939,485, translating to a price per square foot of $184.47. This represents a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The lease also includes a 10-year option.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1994
Total area 5,654 SF
Lot 0.98 ac (42,660 SF)
Zoning code B2
APN 30-00-14-1-012-001.007
UPID US03-0967914

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Physician
  • Medical Clinic
  • Physician

Location

6554 Aaron Aronov Dr Fairfield, AL 35064
Fairfield metro Census 10604 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$250k

Owner & transaction history

since 2017
2 recorded transactions
2017
$700,000
1969
Price N/A

Zoning & alternative use

B2 · Fairfield, AL
Top alternative use upside
Apartment house (5+ units) $1.1M +24.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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