For Sale
$12,557,419

1630 4Th AveBessemer, AL 35020

High-Yield Retail Investment, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional sale-leaseback portfolio comprises seven strategically located bank branches across Alabama, totaling 39,400 square feet on 12.46 acres. The portfolio features a prominent tenant, 1st Financial Bank, with a long-standing operational history since 1937, ensuring stable income. The properties are situated in Bessemer, Hueytown, McCalla, Pelham, Woodstock, West Blocton, and Centreville, benefiting from proximity to major interstates. The absolute NNN leases provide a passive investment opportunity with 100% occupancy and a strong net operating income (NOI) of $973,200, yielding a 7.75% cap rate. Annual rent bumps of 2-3% offer built-in growth potential. Each lease includes four, five-year options, providing long-term stability and predictable cash flow. The asking price for this exceptional portfolio is $12,557,419. This is a rare opportunity to acquire a high-performing, diversified retail portfolio with a strong tenant and significant upside potential.

Highlights

  • Established in 1937 with a long operational history.
  • Strong, loyal customer base and significant community presence.
  • Strategic regional focus enabling quick response to underserved market growth.
  • Birmingham, AL metro area headquarters (1.1M population).
  • Convenient access to Interstates 20 & 459.

Property Details for 1630 4Th Ave

Property type
Retail properties, Banks
Square Feet
39,400 SF
Buildings
7
Lot Size (sq. ft)
542,758 SF

Location Insight

City
Bessemer
County
Jefferson
State
Alabama
Latitude
33.4009219
Longitude
-86.9568547
1630 4Th Ave, Bessemer, Alabama

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, 7.75% Cap Rate
Where is the retail property located?
The property is located at 1630 4Th Ave Bessemer, AL.
What is the asking price?
The asking price for this property is $12,557,419.
What are key features of this property?
This property features: Established in 1937 with a long operational history.; Strong, loyal customer base and significant community presence.; Strategic regional focus enabling quick response to underserved market growth.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1630 4Th Ave
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