1482 Montgomery Hwy Birmingham, AL 35216

This exceptional investment opportunity presents a 3,187 square foot, single-tenant, absolute NNN leased property located at 1482 Montgomery Hwy, Birmingham, AL 35216. The property, built in 1998 and renovated in 2016, sits on a 0.68-acre lot and boasts 36 parking spaces. Currently occupied by a credit-rated corporate tenant with a 10-year lease commencing March 31, 2024, and expiring March 31, 2034, this investment offers exceptional stability and passive income. The lease includes 7.5% rent bumps every five years, ensuring consistent growth. The property generates a strong net operating income (NOI) of $115,000, resulting in a 5.75% cap rate. The asking price is $2,000,000. This prime location benefits from high visibility and accessibility from Interstate 65, experiencing approximately 125,000 vehicles per day. The surrounding area is densely populated, with over 153,000 residents within a 5-mile radius and an average household income exceeding $111,537 within a 15-minute drive. Nearby, you'll find a variety of established retailers, including Publix, Walgreens, Burlington, Starbucks, and numerous fast-food chains. The property's proximity to the University of Alabama at Birmingham (15 minutes away) further enhances its appeal. The lease offers four, 5-year options, providing long-term security and potential for future growth. This is a truly exceptional opportunity for a passive income investment with minimal landlord responsibilities.