Absolute NNN Dental
219 1st St. N, Alabaster, AL 35007
For Sale
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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 Market103
Property Features for 219 1st St. N
General Information
Standard status
Size
Class
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Renovated
Buildings
Tenancy
Listing Agency:
Lightpoint
Listed By:
Kyle Church · License #AL 000124859 - 1
(205) 919-1528
Source:
Crexi
Added: Jul 28
Changed: Oct 30
Last Checked: Nov 6 at 6:29AM
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
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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 / Yr
$53,047
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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
