6554 Aaron Aronov Dr, Fairfield, AL 35064-1823
- Medical Office Space
- 5,654 SF
- 0.98 lot acres
Current Use by Public Records
- Dawodu, Olyeayo MD / Pediatrician / Physician
- EMMA WANJIRU MWANGI / Physician
- American Family Care Flintridge / Medical Clinic
- Jacqueline Kabukuru / Physician
Property Details for 6554 Aaron Aronov Dr
- Year built
- 1994
- Lot size
- 0.98 lot acres
- Zone code
- B2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 30-00-14-1-012-001.007
- APU
- 3000141012001007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 28, 2017 | $700,000 | Dbi Properties LLC | American Family Care INC | Warranty Deed | — |
| — | — | American Family Care INC | — | Deed Of Trust · related | $680k · Bank Of America |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,130,000
Market price range: $369k - $1.49M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $900,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,125,000 Change: +25% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $800,000 Change: -11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $800,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.921
- Latitude
- 33.4719
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
