151 Narrows Pky - Medical FOR SALE


Birmingham, AL 35242
$1,190,000 USD
662-234-4044
151 Narrows Pky, Birmingham, AL for Sale
$1,190,000 USD
Medical - FOR SALE
1/4
null | 7.23% Cap Rate

151 Narrows Pky
Birmingham, AL 35242


HIGHLIGHTS

  • Long-Term Lease: Fully leased to Early Autism Services LLC with a 7.25-year NN+ lease, with 3% annual increases.
  • Established & Growing Tenant: Early Autism Services was established in 2008 and now provides comprehensive autism treatment services at 15 locations a
  • Excellent Visability: Approximately 48,969 VPD on Hwy 280 near the property (Source: AL DOT)
  • Chelsea's Rapid Population Growth: Chelsea, AL, is growing at 3–4% annually (15,731–16,771 in 2023 to ~17,921 by 2025), outpacing Alabama’s 0.26–0.7%
  • Passive Structure: LL Responsibilities mitigated by new roof installed in 2023

OVERVIEW

Randall Commercial Group, LLC is pleased to offer for sale a single-tenant medical investment property located in Birmingham, Alabama. This investment opportunity is fully leased to Early Autism Services, which signed a new 7.25-year NN+ lease. Rent is scheduled to commence on January 1, 2026. The tenant is growing national provider Autism therapy services (Source: https://www.earlyautismservices.com/). The property has excellent visibility from HWY 280 in the growing Chelsea submarket.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

7.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Early Autism Services | Therapy Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

CPO

APN/PARCEL ID

09-4-20-1-004-004-004

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.