For Sale
$3,509,116

0 Trussville Xing BlvdBirmingham, AL 35235

7,100 SF NNN Leased Medical Building, 6.18% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 7,100 square foot Class A retail building, currently leased to American Family Care under a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $216,863. Located in Trussville, Alabama, a thriving suburban area, this strategically positioned property benefits from high visibility and accessibility, situated near major transportation routes and a concentration of national retailers including Walmart, Ross, Marshalls, Sam's Club, Cracker Barrel, Starbucks, and Chick-fil-A. The property enjoys a prominent location on a major retail corridor with abundant parking. The lease includes annual rent increases based on CPI adjustments, with a 2% floor and no cap, providing built-in protection against inflation. The tenant, American Family Care, is backed by a corporate guarantee, mitigating risk. The asking price is $3,509,116, translating to a price per square foot of $494.24. This investment offers a compelling combination of strong tenant, favorable lease terms, and a prime location in a high-growth market. The property is situated on Trussville Crossing Blvd in Jefferson County, Alabama, zip code 35235, experiencing a high volume of 40,163 vehicles per day on nearby Chalkville Road. The lease features a 10-year renewal option.

Highlights

  • 7,100 SF Class A retail building in Trussville, AL.
  • New 15-year NNN lease to American Family Care, starting August 1, 2023, with a 10-year renewal option.
  • Strong 6.18% cap rate and $216,863 NOI.
  • Located on a major retail corridor with abundant parking, near Walmart, Ross, Marshalls, Sam's Club, Cracker Barrel, Starbucks, and Chick-fil-A.
  • Annual CPI rent increases (2% floor, no cap), corporate guarantee, and $3,509,116 asking price ($494.24/SF).

Property Details for 0 Trussville Xing Blvd

Property type
Retail properties, Medical centers
Square Feet
7,100 SF
Class
A

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.6439083
Longitude
-86.6279285
Trussville Xing Blvd, Birmingham, Alabama

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0 Trussville Xing Blvd
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