For Sale
$4,107,085

3700 Cahaba Beach RdBirmingham, AL 35242

Class A Net Lease, 7.21% Cap Rate, 34,374 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 34,374 square foot Class A retail property, currently serving as the corporate headquarters for American Family Care. Located at 3700 Cahaba Beach Rd, Birmingham, AL 35242, in Shelby County's desirable 280 Corridor, this property boasts a strong, national tenant with a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. This leaves a substantial 13.7 years remaining on the lease term. The lease features annual rent increases tied to the CPI, with a 2% floor and no cap, ensuring consistent income growth. The property's current net operating income (NOI) is $296,111, yielding an attractive 7.21% cap rate at an asking price of $4,107,085 ($119.48 per square foot). The tenant, American Family Care, provides a corporate guarantee, mitigating risk. This single-tenant property offers a secure, long-term investment with significant upside potential. The lease includes a 10-year option, further enhancing the investment's longevity and value. This is a rare opportunity to acquire a high-quality, strategically located asset with a blue-chip tenant in a prime Birmingham market.

Highlights

  • Class A corporate office building.
  • National corporate headquarters location.
  • Situated in Birmingham's premier suburban office submarket, the 280 Corridor.
  • 14 years remaining on a corporate-guaranteed lease with American Family Care, Inc.
  • Below-market lease rate.
  • New 15-year NNN lease with American Family Care, Inc., featuring annual CPI adjustments (2% floor, uncapped).

Property Details for 3700 Cahaba Beach Rd

Property type
Retail properties, Medical centers
Square Feet
34,374 SF
Class
A

Location Insight

City
Birmingham
County
Shelby
State
Alabama
Latitude
33.4318798
Longitude
-86.6897295
3700 Cahaba Beach Rd, Birmingham, Alabama

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3700 Cahaba Beach Rd
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