30 Holmes DrOxford, AL 36203

Property Details for 30 Holmes Dr

Year built

2017

Lot size

1.00 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $939,502

  6.5%

  $867,233

  7%

  $805,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $723,557

  Geo Method

  $866,456

• Alternative Use

  Use

  Valuation

  Residential

  $1,075,369

  Hospitality

  $985,032

  Educational

  $819,535

  Medical

  $847,720

  Retail

  $1,274,832

Location Insight

City

Oxford

County

Calhoun

State

Alabama

Latitude

33.6092

Longitude

-85.8271

CBSA code

11500

CBSA name

ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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