617 Bessemer Super HwyBirmingham, AL 35228

This exceptional 65,750 square foot shopping center in Birmingham, AL, presents a compelling investment opportunity. Located on a 6.5-acre lot at 617 Bessemer Super Hwy, Midfield, AL 35228, this Class B, multi-tenant property boasts 100% occupancy with 11 tenants under a modified lease structure. Built in 1985 and renovated in 1986, the property generates a strong Net Operating Income (NOI) of $346,031, representing a 9.75% cap rate at an asking price of $3,550,000 ($53.99/sq ft). The property benefits from excellent visibility and accessibility, situated along a major retail corridor with over 21,200 vehicles passing daily. Four points of ingress and egress provide convenient access. The property's strategic location within the Birmingham MSA serves a substantial population of approximately 119,000 within a 5-mile radius. Two additional parking lot leases further enhance revenue streams. This fee-simple ownership offers a stabilized investment with long-term retail tenants. The property's strong performance and prime location make it an attractive addition to any portfolio.