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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%