For Sale
$6,405,440

0 Meadowlark DrBirmingham, AL 35242

High-yield, 15-year NNN lease; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a brand-new, 16,100-square-foot Caliber Collision center in Birmingham, Alabama. Built in 2025, this Class A storefront and auto shop sits on a 1.73-acre lot and boasts a 15.6-year absolute triple-net (NNN) lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair provider. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $400,340, resulting in a compelling 6.25% cap rate. Located in the rapidly growing U.S. Route 280 corridor, this property benefits from its proximity to major retailers such as Walmart, Lowe's, Home Depot, and numerous others, serving a densely populated and affluent area with an average household income exceeding $130,000 and over 78,000 residents within a five-mile radius. The property's location is further enhanced by its adjacency to significant new housing developments, contributing to the area's robust growth. This investment offers significant tax benefits through accelerated depreciation and cost segregation. The asking price is $6,405,440. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market.

Highlights

  • $6,405,440 asking price for a Class A, 16,100 SF retail property in Birmingham, AL.
  • Absolute NNN net lease with Caliber Collision, a corporate-guaranteed tenant, through June 28, 2040 (15.6 years remaining).
  • 6.25% cap rate with a $400,340 NOI.
  • 10% rent bumps every 5 years.
  • New construction (2025) on a 1.73-acre lot in a high-growth area of Birmingham, adjacent to Walmart and other national retailers.
  • Strong demographics: Average household income over $138k and over 78k residents within a 5-mile radius.

Property Details for 0 Meadowlark Dr

Property type
Retail properties, Retail space
Square Feet
16,100 SF
Class
A
Year Built
2025
Lot Size (sq. ft)
75,359 SF

Location Insight

City
Birmingham
County
Shelby
State
Alabama
Latitude
33.4225556
Longitude
-86.6784444
Meadowlark Dr, Birmingham, Alabama

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0 Meadowlark Dr
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