Description
Absolute NNN lease. Tenant is The Vascular Institute of Birmingham, PC. Lease start date 10/6/21 for 10 year term with 2% annual rent increases. Current annual rent is $244,077.79. Primary physician in the group guaranteed the lease for the first 5 years of term. At expiration of initial 10-year term there are 5 renewal options for 3 years each. Tenant responsible for all operating expenses plus structural repairs. Site visits, nor contact with tenant, permitted except as arranged by listing agent.
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0BEDS
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1.21ACRES
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0BATHS
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01/2 BATHS
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8,696SQFT
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$573$/SQFT
School Ratings & Info
Description
Absolute NNN lease. Tenant is The Vascular Institute of Birmingham, PC. Lease start date 10/6/21 for 10 year term with 2% annual rent increases. Current annual rent is $244,077.79. Primary physician in the group guaranteed the lease for the first 5 years of term. At expiration of initial 10-year term there are 5 renewal options for 3 years each. Tenant responsible for all operating expenses plus structural repairs. Site visits, nor contact with tenant, permitted except as arranged by listing agent.