9190 ParkwayBirmingham, AL 35206

Property Details for 9190 Parkway

Year built

2006

Lot size

0.43 AC

Property size (Sq ft)

1,836 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a freestanding retail building in Birmingham, Alabama, currently occupied by a T-Mobile store under a corporate-guaranteed lease. The property boasts a strong 5.90% cap rate, generating a net operating income (NOI) of $50,484 annually. Situated on a highly visible, signalized corner lot (.43 acres) as a Super Walmart outparcel, the property benefits from exceptional traffic counts. The 1,836 square foot building, constructed in 2006 and featuring a new 2023 roof, offers minimal maintenance concerns. The lease features a remaining term of five years with two five-year extension options, each including a 10% rent increase. Ample parking is provided with 17 spaces, and a convenient enclosed dumpster pad is included. The property is zoned CB2 and offers a compelling return on investment for discerning buyers. Originally built as a Starbucks with a drive-thru, this adaptable space presents a secure and profitable investment opportunity in a prime Birmingham location. The property's strong tenant, favorable lease terms, and excellent visibility make it an ideal addition to any investment portfolio.

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5866

Longitude

-86.7015

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