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1989 Montgomery Hwy S 3,180 SF Retail Building Birmingham, AL 35244 $1,591,363 ($500.43/SF) 7% Cap Rate
Investment Highlights
- Brand new 10-year NN lease with ±7 years remaining and 1% annual increases.
- Passive investment with landlord responsible only for roof and structure.
- Affluent demographics with $110K+ average household income within 1 mile.
- Corporate guarantee from Urgent Team, a leading urgent care operator with 85+ locations.
- Prime location on Montgomery Hwy with 35,000+ VPD and strong retail synergy.
- Located in Birmingham MSA, experiencing 8.8% 5-year population growth.
Executive Summary
Hutt Cooke
Matthews Real Estate Investment Services, Inc
License # 000110253 - 0, 000168807-0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 000110253 - 0, 000168807-0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,180 SF
Building Class
B
Year Built/Renovated
2000/2022
Price
$1,591,363
Price Per SF
$500.43
Cap Rate
7%
NOI
$111,395
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.73 AC
Zoning
Commercial - Commercial
Parking
40 Spaces
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Physicians Care Walk-in Clinic-hoover South
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Physicians Care Walk-in Clinic-hoover South | Health Care and Social Assistance | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-9-30-0-001-005-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $201,700 |
Property Taxes
Parcel Number
10-9-30-0-001-005-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$201,700
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1989 Montgomery Hwy S