j. tyson glasser, ccim available individually or together · • company recently announced primary...

BREWTON$1,511,000 – 7.50%

MONROEVILLE$1,393,500 – 7.50%

MOBILE$1,823,500 – 7.25%

MILLBROOK$1,433,500 – 7.25%

PELHAM$1,954,500 – 7.25%

ALABAMA URGENT CARE PORTFOLIOAvailable Individually or Together

For investment information contact:J. Tyson Glasser, CCIM • Investment Sales Director

864.263.5427 o • 404.435.6312 c • [email protected]

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TABLE OF CONTENTS

Property Cover 1

Table of Contents 2

Investment Highlights 3

Tenant Profile 4

Location Map 5

Brewton Investment Summary 6

Aerial 7

Site Plan 8

Demographics 9

Millbrook Investment Summary 10

Aerial 11

Site Plan 12

Demographics 13

Mobile Investment Summary 14

Aerial 15

Site Plan 16

Demographics 17

Monroeville Investment Summary 18

Aerial 19

Site Plan 20

Demographics 21

Pelham Investment Summary 22

Aerial 23

Site Plan 24

Demographics 25

Contact Info 26

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• Newly constructed buildings on main corridors with easy access and high visibility

• Corporate guaranteed leases with 10 years of base term remaining

• 10% rent bumps every 5 years including each of the 4 renewal options

• Growing medical company based in Birmingham with 16 locations throughout the state

• Company recently announced primary care offerings in addition to urgent care

• Strong traffic counts and demographics for their respective markets

INVESTMENT HIGHLIGHTS

BREWTON

PELHAM MONROEVILLE

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Not long ago, when you or your family needed medical care, your options for treatments were limited. You could wait a week before seeing a doctor or else shell out hundreds of dollars for an emergency room visit. At MainStreet Family Urgent Care, they are committed to helping you heal better and feel better. FAST! MainStreet Family Urgent Care works hard to make sure you don’t have to leave town to take care of your health. From urgent care to illness care to preventative care, they deliver high-quality medical care for the entire family right here, right now; keeping you close to home and getting you back on your feet fast.

Their values are summarized by three simple concepts:• Heal and Feel – They treat both the illness/injury (HEAL) and the symptomatic problems to

help you feel better fast (FEEL). They help their Customers feel better as soon as possible.• WOW – They have a positive influence on all who they come in contact with. They are all in,

all the time, every time. They go the extra mile. AND THEN SOME.• We Are Family – They treat each other and YOU like family. They treat Customers with

compassion, respect, and love.

It’s bedtime and your kid’s fever isn’t staying down (nor any of their dinner), it’s time for KidsStreet! When your little one gets an injury playing on the weekend, it’s time for KidsStreet! You just KNOW something’s wrong, and your pediatrician is closed, it’s time for KidsStreet!

KidsStreet Urgent Care is Alabama’s first urgent care dedicated to KIDS! We’re open late, 7 days a week with a pediatrician or pediatric-supervised nurse practitioner available to care for all the sniffles, bumps and bruises. They handle all of life’s little emergencies without making a trip to the ER or spending hours on the phone with a nurse’s hotline. Most of our patients are in and out within an hour, and there’s no referral necessary*! They accept all major insurances from BCBS, United, Viva, and Medicaid! So, your kid isn’t feeling 100% and you need answers, it’s time for KidsStreet!

Their values are summarized by three simple concepts:• Heal and Feel – By treating both the illness/injury (HEAL) and the symptomatic problems,

they help you feel better fast (FEEL). It’s their aim to help customers feel better as soon as possible.

• WOW – They have a positive influence on all who they come in contact with. They are all in, all the time, every time. They go the extra mile. AND THEN SOME.

• We Are Family – They treat each other and YOU like family. Customers receive compassion, respect, and love from their family to yours.

TENANT PROFILE

5LOCATION MAP300 Big Mountain RoadPelham, AL 35242

2134 Douglas Avenue Brewton, AL 36426

1195 S Alabama Avenue Monroeville, AL 36460

6280 Grelot RoadMobile, AL 36609

1401 AL Highway 14 Millbrook, AL 36054

6INVESTMENT SUMMARY | Brewton – 2134 Douglas Avenue

OFFERING DETAILS

Purchase Price $1,511,000

Going In Cap Rate 7.50% (Years 1-5)

Average Cap Rate 7.98% (Years 1-11)

Land Size +/- 0.67 Acres

Building Size +/- 3,373 Square Feet

Building Age Fall 2017

Frontage +/- 90 Feet on Douglas Avenue

Access 2 Points of Ingress/Egress on Douglas Avenue

Parking Lot 17 Total Spaces with 2 Handicap Spaces

Zoning B-3

Traffic Counts 12,990 AADT on Douglas Avenue (2017 data)

DEMOGRAPHICS 5 Mile 10 Mile 15 Mile

Population 10,617 15,084 23,032

Households 4,287 6,012 9,272

Average HH Income $50,435 $50,778 $50,897

Median HH Income $35,323 $36,157 $36,457

LEASE DETAILS

Lease Type Fee Simple Double Net

Lease Term 11 Years

Commencement Date October 16, 2017

Expiration Date October 31, 2028

Renewal Options 4 Options 5 Years Each

Annual Base Rent $113,336.84 (Years 1-5)$124,670.52 (Years 6-10)$137,137.58 (Year 11)

Rent Increases 10% Every 5 Years

Percentage Rent None

Tenant/Guarantor Rural Urgent Care, LLC

Right of First Refusal None

7AERIAL | Brewton

8SITE PLAN | Brewton

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Executive SummaryMainStreet Family Urgent Care Prepared by Esri2134 Douglas Ave, Brewton, Alabama, 36426 Latitude: 31.14178Rings: 5, 10, 15 mile radii Longitude: -87.06879

5 miles 10 miles 15 milesPopulation

2000 Population 10,937 15,395 23,4352010 Population 10,748 15,336 23,1682018 Population 10,617 15,084 23,0322023 Population 10,491 14,884 22,8822000-2010 Annual Rate -0.17% -0.04% -0.11%2010-2018 Annual Rate -0.15% -0.20% -0.07%2018-2023 Annual Rate -0.24% -0.27% -0.13%2018 Male Population 47.2% 47.9% 48.5%2018 Female Population 52.8% 52.1% 51.5%2018 Median Age 42.0 42.5 42.8

In the identified area, the current year population is 23,032. In 2010, the Census count in the area was 23,168. The rate of change since 2010 was -0.07% annually. The five-year projection for the population in the area is 22,882 representing a change of -0.13% annually from 2018 to 2023. Currently, the population is 48.5% male and 51.5% female.

Median Age

The median age in this area is 42.0, compared to U.S. median age of 38.3.Race and Ethnicity

2018 White Alone 61.6% 69.1% 73.2%2018 Black Alone 34.4% 26.6% 22.4%2018 American Indian/Alaska Native Alone 0.6% 0.8% 1.0%2018 Asian Alone 0.4% 0.4% 0.3%2018 Pacific Islander Alone 0.0% 0.0% 0.0%2018 Other Race 1.6% 1.4% 1.1%2018 Two or More Races 1.4% 1.7% 1.9%2018 Hispanic Origin (Any Race) 2.4% 2.3% 2.1%

Persons of Hispanic origin represent 2.1% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 43.7 in the identified area, compared to 64.3 for the U.S. as a whole.

Households2000 Households 4,441 6,158 9,3792010 Households 4,349 6,120 9,3272018 Total Households 4,287 6,012 9,2722023 Total Households 4,235 5,932 9,2112000-2010 Annual Rate -0.21% -0.06% -0.06%2010-2018 Annual Rate -0.17% -0.22% -0.07%2018-2023 Annual Rate -0.24% -0.27% -0.13%2018 Average Household Size 2.41 2.46 2.44

The household count in this area has changed from 9,327 in 2010 to 9,272 in the current year, a change of -0.07% annually. The five-year projection of households is 9,211, a change of -0.13% annually from the current year total. Average household size is currently 2.44, compared to 2.44 in the year 2010. The number of families in the current year is 6,313 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

August 03, 2018

©2018 Esri Page 1 of 2

Executive SummaryMainStreet Family Urgent Care Prepared by Esri2134 Douglas Ave, Brewton, Alabama, 36426 Latitude: 31.14178Rings: 5, 10, 15 mile radii Longitude: -87.06879

5 miles 10 miles 15 milesMedian Household Income

2018 Median Household Income $35,323 $36,157 $36,4572023 Median Household Income $36,909 $38,116 $39,5962018-2023 Annual Rate 0.88% 1.06% 1.67%

Average Household Income

2018 Average Household Income $50,435 $50,778 $50,8972023 Average Household Income $53,022 $53,991 $55,5322018-2023 Annual Rate 1.01% 1.23% 1.76%

Per Capita Income2018 Per Capita Income $20,766 $20,693 $20,7642023 Per Capita Income $21,806 $21,988 $22,6042018-2023 Annual Rate 0.98% 1.22% 1.71%

Households by IncomeCurrent median household income is $36,457 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $39,596 in five years, compared to $65,727 for all U.S. households

Current average household income is $50,897 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $55,532 in five years, compared to $96,109 for all U.S. households

Current per capita income is $20,764 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $22,604 in five years, compared to $36,530 for all U.S. households Housing

2000 Total Housing Units 5,167 7,158 10,9662000 Owner Occupied Housing Units 3,240 4,757 7,5052000 Renter Occupied Housing Units 1,200 1,401 1,8732000 Vacant Housing Units 727 1,000 1,588




Currently, 61.2% of the 11,178 housing units in the area are owner occupied; 21.7%, renter occupied; and 17.1% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 11,000 housing units in the area - 64.7% owner occupied, 20.1% renter occupied, and 15.2% vacant. The annual rate of change in housing units since 2010 is 0.72%. Median home value in the area is $95,370, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 2.14% annually to $106,016.


August 03, 2018


DEMOGRAPHICS | Brewton

10INVESTMENT SUMMARY | Millbrook – 1401 AL Highway 14

OFFERING DETAILS






Building Age Winter 2017

Frontage +/- 400 Feet on AL Highway 14

Access 1 Point of Ingress/Egress on AL Highway 14


Zoning B-3

Traffic Counts 32,530 AADT on AL Highway 14 (2017 data)41,930 AADT on I-65 (2017 data)


Population 2,443 28,548 55,175

Households 791 10,861 20,826


Median HH Income $59,503 $63,904 $60,314

LEASE DETAILS


Lease Term 11 Years

Commencement Date February 15, 2018

Expiration Date February 28, 2029







11AERIAL | Millbrook

12SITE PLAN | Millbrook

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Executive SummaryMainStreet Family Urgent Care 2 Prepared by Esri1111-1199 AL-14, Millbrook, Alabama, 36054 Latitude: 32.49373Rings: 1, 3, 5 mile radii Longitude: -86.40425

1 mile 3 miles 5 milesPopulation

2000 Population 1,010 16,635 39,2932010 Population 1,569 26,122 51,4552018 Population 2,443 28,548 55,1752023 Population 2,635 29,800 57,5342000-2010 Annual Rate 4.50% 4.62% 2.73%2010-2018 Annual Rate 5.51% 1.08% 0.85%2018-2023 Annual Rate 1.52% 0.86% 0.84%2018 Male Population 48.2% 48.0% 48.2%2018 Female Population 51.8% 52.0% 51.8%2018 Median Age 35.0 36.2 37.1

In the identified area, the current year population is 55,175. In 2010, the Census count in the area was 51,455. The rate of change since 2010 was 0.85% annually. The five-year projection for the population in the area is 57,534 representing a change of 0.84% annually from 2018 to 2023. Currently, the population is 48.2% male and 51.8% female.

Median Age




Households2000 Households 356 6,047 14,2592010 Households 558 9,900 19,3002018 Total Households 791 10,861 20,8262023 Total Households 853 11,358 21,7652000-2010 Annual Rate 4.60% 5.05% 3.07%2010-2018 Annual Rate 4.32% 1.13% 0.93%2018-2023 Annual Rate 1.52% 0.90% 0.89%2018 Average Household Size 3.09 2.61 2.62

The household count in this area has changed from 19,300 in 2010 to 20,826 in the current year, a change of 0.93% annually. The five-year projection of households is 21,765, a change of 0.89% annually from the current year total. Average household size is currently 2.62, compared to 2.64 in the year 2010. The number of families in the current year is 15,109 in the specified area.


August 03, 2018


Executive SummaryMainStreet Family Urgent Care 2 Prepared by Esri1111-1199 AL-14, Millbrook, Alabama, 36054 Latitude: 32.49373Rings: 1, 3, 5 mile radii Longitude: -86.40425

1 mile 3 miles 5 milesMedian Household Income








2000 Total Housing Units 472 6,380 15,1982000 Owner Occupied Housing Units 261 4,624 11,0672000 Renter Occupied Housing Units 95 1,424 3,1922000 Vacant Housing Units 116 332 939

2010 Total Housing Units 768 10,679 20,8162010 Owner Occupied Housing Units 402 6,506 13,6552010 Renter Occupied Housing Units 156 3,394 5,6452010 Vacant Housing Units 210 779 1,516

2018 Total Housing Units 899 11,761 22,6002018 Owner Occupied Housing Units 500 6,433 13,3412018 Renter Occupied Housing Units 291 4,428 7,4852018 Vacant Housing Units 108 900 1,774

2023 Total Housing Units 981 12,456 23,9172023 Owner Occupied Housing Units 553 6,877 14,2182023 Renter Occupied Housing Units 300 4,481 7,5472023 Vacant Housing Units 128 1,098 2,152



August 03, 2018


DEMOGRAPHICS | Millbrook

14INVESTMENT SUMMARY | Mobile – 6280 Grelot Road

OFFERING DETAILS






Building Age Winter 2017

Frontage +/- 170 Feet on Grelot Road

Access 3 Points of Ingress/Egress on Grelot Road and 2 Points on Hillcrest Road


Zoning B-2

Traffic Counts 25,730 AADT on Grelot Road (2017 data)23,900 AADT on Hillcrest Road (2017 data)


Population 12,292 75,961 142,953

Households 5,906 32,464 58,143


Median HH Income $53,973 $54,074 $53,513

LEASE DETAILS


Lease Term 11 Years

Commencement Date December 5, 2017

Expiration Date December 31, 2028







15AERIAL | Mobile

16SITE PLAN | Mobile

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Executive SummaryMainStreet Family Urgent Care 3 Prepared by Esri6280 Grelot Rd, Mobile, Alabama, 36609 Latitude: 30.66127Rings: 1, 3, 5 mile radii Longitude: -88.18871




Median Age




Households2000 Households 4,972 27,507 50,2332010 Households 5,776 31,007 55,5942018 Total Households 5,906 32,464 58,1432023 Total Households 6,012 33,224 59,7392000-2010 Annual Rate 1.51% 1.20% 1.02%2010-2018 Annual Rate 0.27% 0.56% 0.54%2018-2023 Annual Rate 0.36% 0.46% 0.54%2018 Average Household Size 2.07 2.30 2.41



August 03, 2018


Executive SummaryMainStreet Family Urgent Care 3 Prepared by Esri6280 Grelot Rd, Mobile, Alabama, 36609 Latitude: 30.66127Rings: 1, 3, 5 mile radii Longitude: -88.18871















August 03, 2018


DEMOGRAPHICS | Mobile

18INVESTMENT SUMMARY | Monroeville – 1195 South Alabama Avenue

OFFERING DETAILS







Frontage +/- 125 Feet on S Alabama Avenue

Access 1 Point of Ingress/Egress on S Alabama Avenue


Zoning B-2

Traffic Counts 9,000 AADT on S Alabama Avenue (2017 data)


Population 10,534 17,777 21,550

Households 4,253 7,106 8,712


Median HH Income $33,649 $33,812 $33,121

LEASE DETAILS


Lease Term 11 Years









19AERIAL | Monroeville

20SITE PLAN | Monroeville

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Executive SummaryMainStreet Family Urgent Care 4 Prepared by Esri1195 S Alabama Ave, Monroeville, Alabama, 36460 Latitude: 31.50963Rings: 5, 10, 15 mile radii Longitude: -87.31958

5 miles 10 miles 15 milesPopulation

2000 Population 10,955 18,284 22,3512010 Population 10,269 17,342 21,1522018 Population 10,534 17,777 21,5502023 Population 10,516 17,726 21,4302000-2010 Annual Rate -0.64% -0.53% -0.55%2010-2018 Annual Rate 0.31% 0.30% 0.23%2018-2023 Annual Rate -0.03% -0.06% -0.11%2018 Male Population 47.6% 48.3% 48.4%2018 Female Population 52.4% 51.7% 51.6%2018 Median Age 41.5 41.5 41.9

In the identified area, the current year population is 21,550. In 2010, the Census count in the area was 21,152. The rate of change since 2010 was 0.23% annually. The five-year projection for the population in the area is 21,430 representing a change of -0.11% annually from 2018 to 2023. Currently, the population is 48.4% male and 51.6% female.

Median Age




Households2000 Households 4,220 7,048 8,7012010 Households 4,102 6,873 8,4832018 Total Households 4,253 7,106 8,7122023 Total Households 4,264 7,111 8,6912000-2010 Annual Rate -0.28% -0.25% -0.25%2010-2018 Annual Rate 0.44% 0.40% 0.32%2018-2023 Annual Rate 0.05% 0.01% -0.05%2018 Average Household Size 2.42 2.47 2.45

The household count in this area has changed from 8,483 in 2010 to 8,712 in the current year, a change of 0.32% annually. The five-year projection of households is 8,691, a change of -0.05% annually from the current year total. Average household size is currently 2.45, compared to 2.47 in the year 2010. The number of families in the current year is 5,964 in the specified area.


August 03, 2018


Executive SummaryMainStreet Family Urgent Care 4 Prepared by Esri1195 S Alabama Ave, Monroeville, Alabama, 36460 Latitude: 31.50963Rings: 5, 10, 15 mile radii Longitude: -87.31958

5 miles 10 miles 15 milesMedian Household Income














August 03, 2018


DEMOGRAPHICS | Monroeville

22INVESTMENT SUMMARY | Pelham – 300 Big Mountain Road

OFFERING DETAILS







Frontage +/- 150 Feet on Big Mountain Road

Access 1 Point of Ingress and 2 Points of Egress on Pelham Pkwy


Zoning B-2

Traffic Counts 27,810 AADT on Pelham Pkwy (2017 data)


Population 4,970 39,852 94,724

Households 2,282 16,221 37,376


Median HH Income $58,480 $63,621 $74,663

LEASE DETAILS


Lease Term 11 Years









23AERIAL | Pelham

24SITE PLAN | Pelham

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Executive SummaryMainStreet Family Urgent Care 5 Prepared by Esri3-699 Big Mountain Cir, Pelham, Alabama, 35124 Latitude: 33.34412Rings: 1, 3, 5 mile radii Longitude: -86.79512




Median Age




Households2000 Households 1,907 13,560 30,5912010 Households 2,243 15,677 35,9432018 Total Households 2,282 16,221 37,3762023 Total Households 2,337 16,617 38,5062000-2010 Annual Rate 1.64% 1.46% 1.63%2010-2018 Annual Rate 0.21% 0.41% 0.47%2018-2023 Annual Rate 0.48% 0.48% 0.60%2018 Average Household Size 2.14 2.43 2.52



August 03, 2018


Executive SummaryMainStreet Family Urgent Care 5 Prepared by Esri3-699 Big Mountain Cir, Pelham, Alabama, 35124 Latitude: 33.34412Rings: 1, 3, 5 mile radii Longitude: -86.79512









2000 Total Housing Units 2,159 15,067 32,7612000 Owner Occupied Housing Units 1,130 7,972 20,7322000 Renter Occupied Housing Units 777 5,588 9,8592000 Vacant Housing Units 252 1,507 2,170






August 03, 2018


DEMOGRAPHICS | Pelham

BREWTON$1,511,000 – 7.50%

MONROEVILLE$1,393,500 – 7.50%

MOBILE$1,823,500 – 7.25%

MILLBROOK$1,433,500 – 7.25%

PELHAM$1,954,500 – 7.25%

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©2018 RealtyLink, LLC. We have obtained the contained information from sources we believe are reliable. We have not, however, verified that all information is accurate and make no guarantee, warranty, or representation of it. The information is subject to the possibility of errors, omissions, change of price, rental, or other conditions, prior sale, lease or financing or withdrawal without notice, and it is not a substitute for a thorough due diligence investigation. We include opinions, projections, estimations and assumptions for example purposes only. This information may not represent current or future performance of the property. Seek legal advise and conduct due diligence if exact numbers are desired.

RealtyLink, LLC and the RealtyLink logo are trademarks of RealtyLink, LLC and/or its affiliates. All other logos or company materials displayed in these contents are the property of their respective owners.

J. TYSON GLASSER, CCIMInvestment Sales Director864.263.5427 o 404.435.6312 [email protected]

CONTACT INFORMATION

550 South Main Street, Suite 300Greenville, SC 29601

864.242.4008 p864.232.0160 f

www.realtylinkdev.com

j. tyson glasser, ccim available individually or together · • company recently announced primary...

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