Medical Office Condo
497 Azalea Dr., Suite 102
 NNN Investment Sale
Oxford, Mississippi
38655
Sale Price
$3,489,428
Cap rate 7.00%
NOI $244,260
Property Features
Property Overview
Randall Commercial Group, LLC is pleased to offer Oxford Orthopaedics & Sports Medicine,
PLLC (Oxford Ortho) condo for sale as an NNN sale leaseback investment opportunity. Oxford Ortho occupies approximately 10,620 square feet of a larger 17,932 square foot medical
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with the Oxford Ortho side being offered as a single tenant sale leaseback. This medical ofϐ‹…‡…‘†‘‘ˆˆ‡”•ƒ’”‡ ‹‡”‡Ž‘…ƒ–‹‘‹–Š‡Š‡ƒ”–‘ˆšˆ‘”†ǯ• ‡†‹…ƒŽ†‹•–”‹…–ǣ–Š‡‘ˆϐ‹…‡
building is in close proximity to the current Baptist Hospital, and will remain in close proximity to Baptist’s new $300M hospital which began moving dirt in the Summer of 2013. In addition, Oxford Ortho is located directly across from Oxford Diagnostics Center– Baptist’s Center for Cancer Care, adjacent to Oxford Surgery Center and surrounded by other medical ofϐ‹…‡„—‹Ž†‹‰•Ǥ
Founded in 1996, Oxford Ortho consists of three Orthopaedic Surgeons with a combined 30
years of experience.
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100% Occupancy
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NNN Single Tenant Investment
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Located in the center of Oxford’s
medical district
Land Size
Approximately 2.37 acres
Building Information
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*Approximately 10,620 square feet
*Source: Owner-provided data– from appraisal
Highlights
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10 year leaseback at closing
NNN Single Tenant Investment
3 Orthopaedic Surgeons to guaranty their portion of lease
Adjacent to the only freestanding outpatient surgery center in a 50 mile radius
Across from only full service outpatient diagnostics center
in the practice area
Broker: Joe Pegram
Office: 662-234-4044
Email: jpegram@randallcg.com
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University of Mississippi’s athletic team doctors
Less than 1 mile from Baptist’s new $300M hospital {currently
moving dirt}
Landlord responsible for structure only
Building in great condition: built 2001
On site X-Ray facility
Approximately 15 patient rooms
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677
Medical Office Condo
497 Azalea Dr., Suite 102
 NNN Investment Sale
Oxford, Mississippi
38655
Tenant Details
Oxford Orthopaedic and Sports Medicine, PLLC primarily consists of three Orthopaedic Surgeons and a physicians assistant. The practice was founded in 1996 by Dr. Cooper Terry and has
since added Dr. Daniel Boyd (2006) and Dr. Kurre Luber (2008). Oxford Ortho occupies 10,620
square feet of a larger 17,932 square foot building shared with ENT Consultants of North Mississippi. The building is currently in the process of being converted to a commercial condominium
regime - separating the two practices into separate legal entities.
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care for and treat a range of musculoskeletal disorders, diseases, and injuries to the human
body. Our practice focuses on:
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Specialized surgeries for athletes
Specialized care of the hand and upper extremity
Arthroscopic surgical procedures of the knee, shoulder, hip, wrist, and ankle
Arthroscopic rotator cuff surgery
Arthroscopic knee ligament reconstruction
Minimally invasive knee, shoulder, and hip replacements
Partial knee replacements
Knee and hip replacements specially designed for men and women
Cartilage restoration procedures for knee arthritis
Specialized care for the foot and ankle
FDA approved Birmingham Hip Resurfacing procedure as an alternative to hip replacement
Specialized traumatic injury care for broken bones
Broker: Joe Pegram
Office: 662-234-4044
Email: jpegram@randallcg.com
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677
Medical Office Condo  NNN Investment Sale
497 Azalea Dr., Suite 102
Oxford, Mississippi
38655
Financial Details
Normalized Pro Forma
Revenue
Leased $ Sq. Ft.
10,620 square feet
$244,260
$23.00
$0.00
$0.00
$0.00
$0.00
$244,260
$23.00
Projected Income: Base Rent
Projected CAM Reimbursement
Vacancy Factor (100% Occupied)
Effective Gross Income (EGI)
Operating Expenses
Operating Expense
Total Operating Expenses
Net Operating Income (NOI)
$/Sq Ft
$0.00
$0.00
$244,260
Note:Cap Square footage based on owner provided data; data is for lease execution upon closing of sale
Property Data
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Tenant: Oxford Orthopaedic and Sports Medicine, PLLC
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NOI (base term): $244,260
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Guarantor: Dr. Terry, Dr. Boyd, Dr. Luber
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Renewals: 2-ϐ‹˜‡›‡ƒ”‘’–‹‘•
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Lease Term: 10 years at closing
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Renewal Increase: 5%
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Lease Structure: NNN
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1st Renewal: $256,473
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Landlord Responsibility: Structure
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2nd Renewal: $269,297
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Metal Roof with hip style ends
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69 shared parking spaces
Broker: Joe Pegram
Office: 662-234-4044
Email: jpegram@randallcg.com
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677
Medical Office Condo  NNN Investment Sale
497 Azalea Dr., Suite 102
Oxford, Mississippi
38655
Aerial Images
Broker: Joe Pegram
Office: 662-234-4044
Email: jpegram@randallcg.com
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677
Medical Office Condo  NNN Investment Sale
497 Azalea Dr., Suite 102
Oxford, Mississippi
38655
City Details
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Forbes ranks Oxford #15 Fastest Growing Small Towns
http://www.forbes.com/pictures/egim45eehm/15-oxford-ms/
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http://www.openforum.com/articles/best-small-towns-for-business-in-america/
Oxford ranked as nation’s second best college town
http://news.olemiss.edu/oxford-ranked-as-nations-second-best-college-town
Featured on Grandparents.com as one of “Top Six College to Retire In”
http://www.grandparents.com/money-and-work/retirment/best-college-towns-retire
Featured on new list of “50 Trips You Need to Take in the United States”
http://www.businessinsider.com/50-trips-to-take-in-the-united-states-2013-3#tailgate-on-the-ole-miss-campus-at-thegrove-on-game-day-10
Money Magazine names Oxford one of the best places to live
Lafayette County is the fastest growing county in the state of Mississippi
Medical Community
Oxford is home to one of Mississippi’s top medical communities with the majority of medical located on Azalea Drive less
than one mile from Baptist Hospital’s current location. In addition, Baptist recently announced its new location and plans to
construct a new $300M hospital across from the current location. Medical honors for Oxford’s current Baptist Hospital in…Ž—†‡ǣ‘•’‹–ƒŽ‘ˆ–Š‡›‡ƒ”‹ʹ Ͳͳͳǡ–Š‡ϐ‹”•–•Ž‡‡’†‹•‘”†‡”•…‡–‡”‹Ǥ ‹••‹••‹’’‹ƒ……”‡†‹–‡†„›–Š‡ ‡”‹…ƒ‘…‹‡–›‘ˆ
Sleep Medicine, ranked #1 in the state for cardiac surgery, only hospital in Mississippi to rank in top 10% in the nation by
Health Grades for cardiac surgery and overall orthopedic services, and Baptist Center for Cancer Care is one of only two facilities in N. Mississippi accredited by the American College of Surgeons’ Commission on Cancer.
Oxford’s medical community has remained attractive to physicians from all over and experiences very low vacancy rates. In
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Demographics
Measure
5 mile
10 mile
15 mile
2010 Census Population
30,689
41,849
52,401
2012 Estimated Population
31,674
43,181
53,877
2017 Estimated Population
34,416
47,049
58,059
2012 Estimated Average HH
Income
$58,691
$59,325
$56,057
2012 Estimated Median HH
Income
$35,954
$37,706
$36,767
Broker: Joe Pegram
Office: 662-234-4044
Email: jpegram@randallcg.com
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677
Medical Office Condo  NNN Investment Sale
497 Azalea Dr., Suite 102
Oxford, Mississippi
38655
Contact Information
Joe Pegram
Vice President/ Broker
Direct Line:
662-638-0730
Mobile:
662-801-4170
Email:
jpegram@randallcg.com
www.randallcommercialgroup.com
Real Estate Broker Licenses in MS, AL,
LA, AR, TN
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677
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Oxford, Mississippi 38655
About Randall Commercial Group, LLC
Randall Commercial Group, LLC is a commercial real estate firm specializing in investment brokerage, tenant
representation/site selection, commercial leasing, development consulting, and general brokerage for commercial real estate and development land. Our focus is clear: helping clients create and preserve wealth through
strategic real estate decisions and investments. We serve both individual and institutional clients by diligently
developing a thorough understanding of that particular clients. At Randall Commercial Group, LLC we look
to build long-term relationships with clients one property at a time.
Broker: Joe Pegram
Direct: 662-801-4170
Email: jpegram@randallcg.com
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677
Medical Office Building  NNN Investment Sale
497 Azalea Dr., Suite 102
Oxford, Mississippi
38655
Disclaimer: 497 Azalea Drive, Suite 102, Oxford, MS 38655
The square footage provided in this package was obtained from Owner’s most current appraisal
and in no way is based on any measurements, survey, or certified building footprint. Randall
Commercial Group, LLC has not verified this information whatsoever.
The information provided within this Marketing Package has been obtained from sources that
are believed to be reliable, but Randall Commercial Group, LLC has not verified the information and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. The information has been prepared to provide a summary of highlights and only a preliminary level of information regarding the project. Any interested party must independently investigate the subject property, particularly from a physical,
financial, tenant, and overall development standpoint. Any projections, opinions, assumptions
or estimates used are for example only and do not represent the current or future performance
of the property. This information is not intended to provide full due diligence on the subject
property, as it is the responsibility of the interested buyer to conduct full due diligence with
their advisors.
Randall Commercial Group, LLC has not performed due diligence pertaining to the physical
state of the property nor the property’s current or future financial performance. Furthermore,
no due diligence has been performed regarding the financial condition or future plans for this
location. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs.
Past performance, expected or projected performance do not guarantee future performance.
Property owners/buyer bear the full risk and exposure of all business, events, and liability associated with such properties. The acreage, size, and square footage of the property and improvements are estimated and should be independently verified.
This marketing material is based on the ability of the tenants to successfully complete a condo
conversion enabling the sale of their portion of the building.
Broker: Joe Pegram
Direct: 662-234-4044
Email: jpegram@randallcg.com
Randall Commercial Group, LLC
850 Insight Park Avenue
University, Mississippi 38677