1159 Wills Rd | Boaz, AL 35957
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1159 Wills Rd
Boaz, AL 35957
Alliance Animal Health | 9.7 YRS NNN Lease · Office Property For Sale
Investment Highlights
- LONG- TERM STABLE INVESTMENT | There are ±9.7 years remaining on the NNN lease with 3% annual increases and two, 5-year options to extend the lease.
- SCHEDULED RENTAL INCREASES I HEDGE AGAINST INFLATION The lease features 3% annual rental escalators.
- TENANT INVESTMENT IN LOCATION | Veterinary hospitals rarely relocate due to the difficulty of retaining the same patients.
- VERY PASSIVE LEASE STRUCTURE | There are minimal landlord responsibilities throughout the lease term, offering a passive investment.
- HEALTHCARE REAL ESTATE I RECESSION RESISTANT PROPERTY | Veterinary hospitals are extremely sought-after investments for their resistance to downturns.
- ROBUST GROWTH INDUSTRY | The global veterinary services market size is expected to reach $142 billion by 2025, with a CAGR of 5.6% during that period.
Property Facts
Property Type
Office
Property Subtype
Building Size
7,911 SF
Building Class
C
Year Built
1976
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,956 SF
Building FAR
0.32
Lot Size
0.56 AC
Parking
14 Spaces (1.77 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 180931-1-001-006000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $111,700 |
Property Taxes
Parcel Number
180931-1-001-006000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$111,700
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