202 Inverness Center Dr
Birmingham, AL 35242
Inverness Medical Center · Office Property For Sale

The Chetek Group of Marcus & Millichap is pleased to present the opportunity to acquire the Inverness Dental & Medical Plaza (“The Property”), located in the very affluent Birmingham, Alabama submarket of Hoover. Built in 2001, the property is a Class “A” 20,019 square-foot medical office building featuring advanced technology dental suites supported by well-appointed common areas with luxury finishes. The building is 100 percent occupied by three well-known dental practices who have all be occupants of the building since it was originally constructed in 2001, including; Inverness Family and Cosmetic Dentistry, Birmingham Endodontics, and Great Smiles Orthodontics. All three tenants specialize in a different sector of the dental industry, resulting in cross synergies between them. The three tenants consistently refer business to one another. All three tenants will execute brand new 12-year NNN leases with 1.5 percent annual rent increases at closing. The new lease structure will provide investors with stable cash from original tenants who have invested significantly in their dental practices and suites. Conveniently positioned on Highway 280 in Hoover, Alabama, The Property is located 2-miles from Grandview Medical Center, a 372-bed hospital that provides comprehensive healthcare services to patients in Birmingham and surrounding communities. The Property is surrounded by high-end residential homes and apartments, new hotels, senior housing, and credit tenant commercial properties. Within a 3-mile radius of The Property average household incomes exceed $100,000.