6912 FIRST AVE N, Birmingham, AL 35206
A brand-new 10-year double net lease supports long-term tenant stability in a highly visible, heavily trafficked corridor.
- Added:
- Jun 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 6 at 4:11 am
Property Features for 6912 FIRST AVE N
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.78 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing agent Douglas Diffie License #TX 656858
Listing office Marcus & Millichap - Austin
Listing date Jun 1, 2026
Source Crexi
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HighLights
- Single‑tenant 4,000 SF freestanding retail property built in 1983
- 0.78‑acre site on heavily traveled 1st Avenue North with nearly 19,250 vehicles passing daily
- Brand‑new 10‑year Double Net lease executed by the tenant for long‑term commitment
- Lease includes 1.5% annual rent increases for scheduled income growth
- Listed at a 7.00% cap rate and $771,428 list price
Overview
The building is located on heavily traveled 1st Avenue North in Birmingham, Alabama, with prominent signage and visibility to nearly 19,250 vehicles passing daily. The site sits in a dense infill corridor, with more than 9,100 residents within a 1-mile radius, and is positioned near other retail activity, including national retailers. It also benefits from proximity to Birmingham-Shuttlesworth International Airport and Interstate 59.
For investors seeking a stabilized, long-duration cash flow profile, this NNN retail asset combines a newer lease term with contractual annual increases. Its freestanding configuration and location along a high-traffic arterial can support continued operational continuity for a tenant in the retail market.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.4k | $15.60 |
| − Vacancy | −$6.6k | −$1.64 |
| EGI | $55.8k | $13.96 |
| − OpEx | −$16.8k | −$4.19 |
| NOI | $39.1k | $9.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.737125
- Latitude
- 33.553624
