6554 Aaron Aronov Dr Fairfield, AL 35064-1823

Property Details for 6554 Aaron Aronov Dr

Year built

1994

Lot size

0.98 lot acres

Property size

5,654 SF

Zone code

B2

Property type

Medical offices

Property subtype

Medical centers

APN

30-00-14-1-012-001.007

APU

3000141012001007

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.

Location Insight

City

Fairfield

County

Jefferson

State

Alabama

Longitude

-86.921

Latitude

33.4719

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments