615 Bessemer Super Hwy - Freestanding FOR SALE


Birmingham, AL 35228
$762,000 USD
214-226-5584
615 Bessemer Super Hwy, Birmingham, AL for Sale
$762,000 USD
Freestanding - FOR SALE
1/4
null | 6.75% Cap Rate

615 Bessemer Super Hwy
Birmingham, AL 35228


HIGHLIGHTS

  • 19 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Bessemer Rd (15,500 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, North American Title Loans, has approximately 19 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site • The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$762,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North American Title Loans

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

Commercial

APN/PARCEL ID

30-00-24-2-001-002.000

ASK ABOUT THIS PROPERTY

Grayson JonesSRS Real Estate PartnersMore Info
214-226-5584

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Grayson JonesSRS Real Estate PartnersMore Info
214-226-5584

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