
For Sale


Oak Street Health
Birmingham, AL
CAP Rate
6.75%
.76
11,200
sq.ft
Overview
1) Corporate NNN Lease Backed by CVS Health: Corporate NNN lease to Oak Street Health, a wholly owned subsidiary of CVS Health (NYSE: CVS), providing passive ownership. 2) Embedded Rent Growth: A 10% contractual rent increase in just over a year lifts the going-in yield to approximately 7.42% at the list price, delivering built-in NOI growth. 3) True On-Campus Outparcel to Princeton Baptist Medical Center: The property sits as an outparcel to Princeton Baptist Medical Center, a 505-bed regional medical center serving central Alabama. The hospital logs an annual patient base of approximately 53,000 that anchors durable foot traffic and referral activity to the immediate trade area. Recent private investment including additional senior housing and additional medical services underscore the long-term importance of this healthcare hub. 4) Approximately 3 Miles from Downtown Birmingham: Located just west of Downtown Birmingham with direct access via I-20/59 and I-65, connecting the site to Birmingham's core employment base, UAB, and the broader metro population. The location pairs close-in urban accessibility with the stability of an established hospital campus.
Property Data
NOI:
$168,000
Year Built:
1983/2022
Lease Term:
6.2
Lease Type:
NNN
Options:
2 x 5 Year
Increases:
10% Every 5 Years
Location
Property
For Sale
$
2,488,889
Get in touch for more about this property


Featured Agents:
James Anderson - (214) 699-8039
Eric Anderson - (512) 649-4098
Get in Touch
Let’s Make Your Property Journey Effortless
Have questions or ready to take the next step? Whether you’re looking to buy, sell, or invest, our team is here to guide you every step of the way. Let’s turn your property goals into reality.
