Single Tenant NN Medical Investment

Positioned in the heart of the Gadsden market, Single Tenant NN Medical Investment benefits from a well-established regional setting in Etowah County. Gadsden serves as a commercial and healthcare hub for the surrounding area, supporting steady business activity and daily consumer traffic. For investors, the market offers the appeal of a recognizable Alabama location with a diverse local economy and established professional services presence. The area is anchored by downtown Gadsden amenities and convenient access to major local corridors. Nearby points of interest include the Coosa River, Noccalula Falls Park, and the Mary G. Hardin Center for Cultural Arts, which contribute to the city’s visibility, identity, and ongoing community draw.Cushman & Wakefield | EGS Commercial Real Estate is pleased to present the exclusive opportunity to acquire 407 South 4th Street, Gadsden, AL 35901 ("the Property"), leased to Christopher B. Harmon, M.D., P.C. d/b/a Surgical Dermatology Group, a leading provider of outpatient dermatology and skin cancer treatment services. The ±2,700-square-foot facility is strategically positioned on approximately 0.487 acres and serves as a mission-critical healthcare location where patients receive medical, surgical, and select cosmetic dermatology services, including skin cancer screenings, biopsies, and minor dermatologic procedures. The property benefits from consistent patient demand, appointment-based operations, and the stability typically associated with outpatient healthcare real estate. The investment is further strengthened by a long-term lease structure and corporate affiliation with AQUA Dermatology, the Southeast's largest full-service skin care provider. The tenant is operating under a 12-year NN lease that commenced on August 31, 2022, with approximately nine years of term remaining, providing investors with durable cash flow and limited landlord responsibilities. Additional lease security is provided through 2.5% annual rent increases and two five-year renewal options, creating a built-in hedge against inflation and long-term income growth.