Freestanding Single-Tenant
6912 FIRST AVE N Birmingham, AL 35206
6912 FIRST AVE N, Birmingham, AL, 35206
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For Sale
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A brand-new 10-year double net lease supports long-term tenant stability in a highly visible, heavily trafficked corridor.
Property Size4,000 SF
Lot Size0.78 Acres
Price / SF$192.86
Days on Market46
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 Agency
Marcus & Millichap - Austin
Listed by
Douglas Diffie · License #TX 656858
Source
Crexi
Added: Jun 1 Checked: Jul 15 at 8:09 pm
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
This freestanding, single-tenant retail property totals approximately 4,000 square feet on 0.78 acres. The offering is structured as a net lease and is currently occupied by TitleMax. The tenant recently executed a brand-new 10-year double net lease, with 1.5% annual rent increases.
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.
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.
Key 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
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 |
4,000 SF · lease $15.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$558.5K
$488.7K – $651.6K
NOI $39,094 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TitleMax Title Pawns
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - A brand-new 10-year double net lease supports long-term tenant stability in a highly visible, heavily trafficked corridor.
Where is this retail space located?
The property is located at 6912 FIRST AVE N Birmingham, AL.
What is the asking price?
The asking price for this property is $771,428.
What are key features of this property?
This property features: 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
