Dermatology Solutions Group 889 Elba Hwy 4,244 SF Office Building Troy, AL 36079 $774,000 ($182.38/SF) 7.35% Cap Rate

Introducing a prime investment or owner/user opportunity in Troy, Alabama. This medical office building consists of 4,244 sq. ft. and is situated on a prominent corner along AL Hwy 87. This Class B commercial property, constructed in 2006, has been occupied by Dermatology Solutions Group since 2017 with a recent lease extension through April 2026. This asset is generating a NOI of $56,889 per year with a 7.35% cap rate. Dermatology Solutions Group is a CAP accredited, full-service, physician-owned company offering comprehensive dermatology care, management services, and growth resources throughout the southeastern US. Established in 2006, their extensive team is comprised of nearly 40 providers and over 250 employees, delivering patient-centered medical, surgical, and cosmetic dermatology services spanning 20 offices across Alabama, Florida, Georgia, and Mississippi. The building's strategic location further enhances its appeal, as it is situated less than 1 mile from Hwy 231, with an AADT of nearly 30,000 vehicles per day. Positioned on a highly visible 0.92-acre corner lot at the intersection of Highway 87 and Spradley Drive, this property offers excellent exposure and accessibility. Adjacent parcel consisting of 2.8 +/- acres is also available if expansion is desired for an owner/user. This property shares its surroundings with esteemed medical practices along Hwy 87 such as Troy Eye Care, Oak Park Dental, Enhabit Hospice, Troy Health & Rehab Center, Trulove Orthodontics, and various medical
practitioners, indicating a thriving healthcare hub.