Fairbanks Urology | 3% Annual Rent Increases 819 First Ave

Marcus & Millichap has been exclusively selected to market for sale Fairbanks Urology, a NNN medical property in Fairbanks, AK. Fairbanks Urology is Northern Alaska’s premier Urology/ Oncology provider. There are more than 5 years remaining on a 10-year NNN lease, which features rare, 3% annual rent increases, providing an investor with compounded NOI growth and a strong hedge against inflation. The property is 100% leased to Fairbanks Urology, which is majority owned and backed by Cardinal Health, a multinational health conglomerate which generated nearly $227B in revenue in 2024. In 2020 the property underwent a $300,000 renovation including replacing all exterior windows, full interior/exterior paint, new flooring, new door frames and baseboards, and staircase refinishing. Fairbanks Urology is the only standalone urology practice outside of the Anchorage MSA in all of Alaska; providing vital services to all of central and northern Alaska. The Fairbanks Urology practice operates out of two buildings, with the subject property housing the Fairbanks Urology’s administrative operations. The property benefits from an affluent population with household incomes exceeding $86,000 within a 5-mile radius.