For Sale
$3,320,000

4501 Southlake PkwyHoover, AL 35244

Class A Medical Office, NNN Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A medical office building, located at 4501 Southlake Parkway, Hoover, Alabama 35244, presents a compelling investment opportunity. The property encompasses 7,240 square feet, divided into two suites, and boasts a strong 100% occupancy rate. Currently under a Net Lease (NNN) agreement with a credit-rated tenant, the lease commenced June 18, 2021, and extends to June 17, 2033, offering a substantial remaining lease term of approximately 8.6 years, with a single 5-year renewal option. The building, constructed in 2011, is a two-story structure with ample parking (65 spaces per 1,000 sq ft). The property generates a significant Net Operating Income (NOI) of $215,869, resulting in an attractive 6.50% capitalization rate. The asking price is $3,320,000, translating to a price per square foot of $458.56. Situated in a high-traffic area with over 26,000 cars passing daily, this investment benefits from excellent visibility and accessibility. The property's location within Shelby County, Alabama, offers proximity to numerous developments along Valleydale Road, further enhancing its long-term value and potential. This stabilized healthcare investment presents a rare opportunity for long-term growth and passive income generation.

Highlights

  • Class A medical office building, 7,240 square feet, 100% occupied.
  • Net lease (NNN) with credit-rated tenant; lease expires June 17, 2033 (approx. 8.6 years remaining) with a 5-year option.
  • Built in 2011, two-story building with ample parking (65 spaces per 1,000 sq ft).
  • $3,320,000 asking price ($458.56/SF), generating a $215,869 NOI and a 6.50% cap rate.
  • High-traffic location in Hoover, Alabama, with excellent visibility and accessibility.

Property Details for 4501 Southlake Pkwy

Property type
Office properties, Medical offices
Square Feet
7,240 SF
Class
A
Year Built
2011
Stories
2
Units
2

Location Insight

City
Hoover
County
Shelby
State
Alabama
Latitude
33.359804826297
Longitude
-86.772109931902
4501 Southlake Pkwy, Hoover, Alabama

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4501 Southlake Pkwy
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