Physicians Care Walk-In Clinic

HIGH-CALIBER OPERATOR | CORPORATE GUARANTY
The tenant is part of the Urgent Team network, one of the largest independent operators of urgent and family care centers in the Southeast, with approximately 85+ locations across multiple states. At Urgent Team, their mission is to serve communities with the highest quality, affordable and convenient urgent and family care, delivered by exceptional and compassionate teams.
NN LEASE STRUCTURE | MINIMAL LANDLORD RESPONSIBILITIES
The NN lease structure offers a passive investment opportunity for both local and national investors, as landlord responsibilities are limited to roof, structure and mechanical systems.
HEDGE AGAINST INFLATION
The leases includes 1% annual rental increases, ensuring consistent revenue growth and protection against inflation over the lease term. The tenant reimburses for taxes, insurance and CAM, while also maintaining most aspects of the premises.
SYNERGISTIC LOCATION | TOP QUALITY CONSTRUCTION | DIRECT VISIBILITY
The location is fittest with upmost quality construction and is positioned along Montgomery Highway, seeing over 27K+ VPD. The immediate retail corridor is anchored by a host of national and credit level tenants, including Walmart, Lowe’s, Publix, Aldi, CVS, Walgreen’s, Costco, and many more. This generates direct visibility of the asset, crucial to the success for outpatient healthcare facilities like a dental office that relies and brand awareness and walk-in business.
BIRMINGHAM, AL MSA | ROBUST DEMOGRAPHICS | AFFLUENT AREA | SIGNIFICANT IMMEDIATE GROWTH
The Birmingham-Hoover MSA is home to more than 1.2 million people, nearly a quarter of the state’s entire population. The Birmingham-Hoover metropolitan area is experiencing significant growth, including population increases and economic expansion. All 7 counties within the metro area have seen population gains for the first time since 2008. Hoover, in particular, has experienced substantial growth, including a 5-year population increase of 8.8%. The average household income is over $109,592 in a 5 mile radius of the property.
STICKY INVESTMENT
Beyond the class-A build out, ownership reaps the benefits of a healthcare tenancy and further layer of security, as urgent care facilities rarely relocate due to the difficulty of retaining the same presence in a new location, and the high cost of moving.
2022 COMPLETE RENOVATION
The tenant opened at this location in 2022, at which point they executed a fresh 10 year NN lease, further establishing their belief and commitment to the location.
IDEAL LOCATION | PROXIMITY TO MAJOR MEDICAL CENTERS | MULTIPLE SPECIALTY HOSPITALS
This site is near multiple high profile hospitals including the UAB Medicine Hoover Primary and Specialty Care Hospital (1,157 beds), and the Shelby Baptist Medical Center (252 Beds). The strong medical presence serves as an anchor for the location, creating synergy that the operator benefits from.
10 YEAR NN LEASE | 8 YEARS REMAINING
The tenant, Urgent Team, executed a brand new 10 Year lease upon completion of the building. This further establishes the tenant’s continued success and commitment to the location going forward.

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Hutt Cooke