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Ambulatory Surgery Center | National Tenant 1847 Commons North Dr 15,400 SF Office Building Tuscaloosa, AL 35406 $7,100,000 ($461.04/SF) 7.25% Cap Rate

Medical Offices Alabama Tuscaloosa 1847 Commons North Dr, Tuscaloosa, AL 35406

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INVESTMENT HIGHLIGHTS

  • Favorable Asset Class - Healthcare real estate provides favorable tenants due to long-term tenancy, higher rent averages, and increased property valu
  • Affluent Market - The 3-mile radius surrounding this property has an impressive average household income of over $155,000
  • Top Alabama MSA - Tuscaloosa is one of the top 5 largest cities in Alabama, boasting a strong presence of various hospitals totaling 1,168 beds
  • Passive Income - The NNN lease included with this asset offers investors a more hands off experience and ease of management
  • Growing Rents - Ensure the continued growth of your investment dollars with annual increases of 2.5%

EXECUTIVE SUMMARY

Fully occupied Surgery Center and Med Spa occupied by National PE-backed tenant with a NNN lease, annual rental increases, and long-term remaining. Prime real estate with a specialized, highly sticky tenant type with great rent coverage and located in a top city of Alabama near the University of Alabama and various hospitals. This deal checks all the boxes for long term, passive income as part of a 1031 exchange or addition to an existing medical portfolio.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,400 SF
Building Class
B
Year Built
2008
Price
$7,100,000
Price Per SF
$461.04
Cap Rate
7.25%
NOI
$514,750
Tenancy
Single
Building Height
1 Story
Typical Floor Size
15,400 SF
Building FAR
0.24
Lot Size
1.45 AC
Zoning
63 - Medical Office
Parking
47 Spaces (3.05 Spaces per 1,000 SF Leased)
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1847 Commons North Dr, Tuscaloosa, AL - AERIAL map view - Image1
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PROPERTY TAXES

Parcel Number 21-09-31-4-003-004.011 Improvements Assessment $342,860
Land Assessment $75,040 Total Assessment $417,900

PROPERTY TAXES

Parcel Number
21-09-31-4-003-004.011
Land Assessment
$75,040
Improvements Assessment
$342,860
Total Assessment
$417,900
  • Research In Progress
    Research In Progress
  • Research In Progress

  • Listing ID: 37161904

  • Date on Market: 8/7/2025

  • Last Updated:

  • Address: 1847 Commons North Dr, Tuscaloosa, AL 35406

More public record information on 1847 Commons North Dr, Tuscaloosa, AL 35406

The Office Property at 1847 Commons North Dr, Tuscaloosa, AL 35406 is currently available for Sale. Contact Research In Progress for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

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Ambulatory Surgery Center | National Tenant | 1847 Commons North Dr

Ambulatory Surgery Center | National Tenant | 1847 Commons North Dr

Research In Progress

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