Description
•Investment Opportunity – Below Market Value and Replacement Cost •8-year corporately guaranteed lease •Absolute NNN lease with 1.75% annual increases through 11/1/24, then adjusted to CPI •Three 5-year renewal options •Ample on-site parking for employees and customers •Prime location on Highway 31 within a dense retail corridor •Just 1 mile from I-65, 2.5 miles from I-459, with easy access to all of metropolitan Birmingham •Traffic count in front of the site: 34,638 vehicles per day
Listing Details
- Cap Rate
6.5%
- Tenancy
Single
- Space Type
mixed-use
- Sub Category
mixed-use-office / mixed-use-retail
- Date Listed
1/19/2026
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$113,712
- Net Rentable
9,600 SF
Property Specifics
- Property Name
1820 Southpark Drive
- Property Class
A
- No of Buildings
1
- No of Stories
1
- Year Built
1997
- Building Size
10,607 SF
- Lot Size
1.24 Ac
- Year Renovated
2018
- Occupancy
100%

