Corporate Guaranty from Baptist Health, an affiliate of University of Alabama Health System (UAB)
– Baptist Health has been an affiliate of the UAB Health System since 2005 and has partnered with UAB throughout the past four decades.
– The UAB Health System has a strong corporate credit rating. S&P Global assigns an “AA-” credit rating to UAB.
– This facility will serve as a Primary Care clinic.
– More than 350 UAB Physicians are ranked among the Best Doctors in America.
– U.S. News and World Report continually ranks UAB Hospital as the number one hospital in Alabama.
Brand New 2025 Construction
– Baptist Health & UAB have entered into a brand-new, 10-yer lease at the subject property.
– The lease features a landlord-favorable, 10-year lease renewal option.
– Baptist Health is paying only $25.00 PSF in annual base rent, a modest rental rate for new construction medical properties nationwide.
Located in Rapidly Expanding Pike Road, AL
– Pike Road, AL is the was the 4th fastest growing city in Alabama in 2023. In 2022, Pike Road led the list of Alabama’s fasting-growing cities.
– Construction on new Pike Road High School is currently Underway. The project will cost just under $100 million, and it will include 200,000 square feet of planned space, the facility is expected to have more than 55 classrooms and is designed to accommodate about 1,200 students in grades 9 through 12.
– Other major developments in Pike Road include Kinsley, a 1,200 home master-planned neighborhood featuring top-tier amenities, including a clubhouse, fitness center, resort-style pool, playground, pickleball courts, and two dedicated dog parks with a dog washing station.
Positioned in a Dense Retail Trade Area with Wealthy Demographics
– The property is adjacent to several national retailers including Publix Super Market. According to Placer.AI, this Publix featured 945,000+ visitors between April 2024 and March 2025.
– The average household income is $122,200+ within a 2-mile radius of the subject property and $114,600+ in a 5-mile radius of the subject property.
– The immediate retail trade area is rapidly expanding with adjacent parcels recently sold to River Bank and Trust, McDonalds and more. An unanchored strip center is also being developed directly behind the property which features several national tenants.
