Absolute NNN Dental
For Sale
Contact for pricing
219 1st St. N, Alabaster, AL 35007
Fully occupied dental facility supported by a long-term absolute net lease and scheduled annual rent increases.
Property Size3,920 SF
Price / SF$353.06
Days on Market10
Property Features for 219 1st St. N
General Information
Standard status
Active
Size
3,920 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$96,920
Building Details
Year Renovated
2016
Buildings
1
Tenancy
Single
Listing Agency:
Lightpoint
(205) 919-1528
Listed By:
Kyle Church · License #AL 000124859 - 1
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 6 at 6:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lightpoint
Investment Insights
Based on property information with market context.
This 3,920-square-foot dental office occupies 0.25 acres and is leased on an absolute NNN basis. The property is 100% occupied by Rock Dental Brands, a national dental operator with over 100+ locations nationwide. Lease terms include a 12-year initial term, 9 years remaining, and 2.5% annual rent escalations. The structure assigns no owner responsibilities under the lease.
Located at 219 1st St. N. in Alabaster, Alabama, the property offers a specialized medical-office configuration with an established dental tenant in place. The existing occupancy and contractual rent-growth provisions provide a clearly defined operating profile for an investor evaluating a single-tenant NNN property.
Located at 219 1st St. N. in Alabaster, Alabama, the property offers a specialized medical-office configuration with an established dental tenant in place. The existing occupancy and contractual rent-growth provisions provide a clearly defined operating profile for an investor evaluating a single-tenant NNN property.
Key Highlights
- 3,920 SF dental office situated on 0.25 acres
- 100% occupied by Rock Dental Brands
- 12‑year absolute net lease with 9 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,940
$1.1M
Cap Rate 7%
$757,814
$757.8K
Cap Rate 9%
$589,411
$589.4K
Market Conditions
NOI Build-Up for 3,920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.8K $25.20/SF
− Vacancy
−$10.4K −$2.65/SF
EGI
$88.4K $22.55/SF
− OpEx
−$35.4K −$9.02/SF
NOI
$53.0K $13.53/SF
Area
Shelby County, AL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,940
Cap Rate 7%
$757,814
Cap Rate 9%
$589,411
Alternative Uses
Best Use
Healthcare Medical
$757.8K
$663.1K – $884.1K
NOI $53,047 @ 7.0% cap · market cap 3.83%
Second Best
Office B
$589.7K
$516.0K – $688.0K
NOI $41,278 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$920.1K
$805.1K – $1.07M
NOI $64,407 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 35007, AL
28,274
Population
10,634
Households
2.7
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
725
Density / Sq Mi
$86,994
Median Household Income
$47,572
Median Earnings
$1,348
Median Rent
$231,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied dental facility supported by a long-term absolute net lease and scheduled annual rent increases.
Where is this nnn property located?
The property is located at 219 1st St. N Alabaster, AL.
What is the asking price?
The asking price for this property is $1,384,000.
What are key features of this property?
This property features: 3,920 SF dental office situated on 0.25 acres; 100% occupied by Rock Dental Brands; 12‑year absolute net lease with 9 years remaining
