Brookwood Baptist Health Listing Details & Market Data

Freestanding Emergency Department - Brookwood Baptist Health FED supports its main campus in Homewood with 24/7 services, including imaging, diagnostics, lab, pharmacy, heliport, decontamination, emergency systems, and 12 private exam rooms with specialized mental health and cardiac trauma support.  -Passive Ownership - 7 years remain on the NNN lease and provides for 2% annual increases guaranteed by Brookwood Health Services, Inc, a wholly owned subsidiary of Tenet Healthcare Corporation. -Emergency Department vs Urgent Care - Freestanding Emergency Departments offer Hospital-grade care with Urgent-Care-like flexibility, providing a new owner the opportunity to acquire an institutional-grade healthcare assest that's also contemporary in its approach to patient care. -Profitable Care Model - This highly profitable care model provides security for long-term operations with its affiliation with Brookwood Baptist Health, allowing Medicare reimbursement under the Outpatient Prospective Payment System. -Birmingham, AL - The greater Birmingham area boasts the largest population and economic region in Alabama. With the country's highest per capita concentration healthcare jobs, this area is one of the state's most secure Healthcare Real Estate markets.  -Lake Purdy/Meadowbrook - This area of Birmingham has a reputation as one of the best places to live in Alabama. It is home to many young professionals, highly rated schools, top 10 home values, and above-average household income.  -Certificate of Need - Alabama is a certificate of need (CON) state, requiring a lengthy and difficult approval process. As a holder of a CON, the tenant has a high likelihood of long-term tenancy while also having exclusivity to the area, protected by CON's prevention of redundant medical facilities.  -Nearby Hospital - The subject property is less than 3 miles from the 434-bed Grandview Medical Center and just a few blocks from the 330,000 SF Ascention St. Vincent Surgercy Center. Proximity to these modern, Class A facilities positions this asset for stability and rent growth.  -Strong Demographics - The 5-mile radius from this location has a dense population of nearly 74,000 residents and an average household income of over $119,000. -Dense Retail/Residential - Retail centers, strip centers, and subdivisions surround this location, providing high visibility, accessibility, and a well known placement right off US Hwy 280 (63k+ VPD) that connects directly to downtown Birmingham. -Brookwood Baptist Health - Brookwood Medical merged with Baptist Health in 2015 to create one of the largest healthcare networks in Birmingham, including more than 1.700 licensed beds, 77 outpatient facilities, and 5 hospitals.  -Tenet Healthcare  -Brookwood Baptist Hospital Addition