Meadowlark Dr Birmingham, AL 35242
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Meadowlark Dr
- Year built
- 2025
- Lot size
- 1.73 lot acres
- Property size
- 16,100 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 16,100-square-foot Caliber Collision center in Birmingham, Alabama. Built in 2025, this Class A storefront and auto shop sits on a 1.73-acre lot and boasts a 15.6-year absolute triple-net (NNN) lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair provider. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $400,340, resulting in a compelling 6.25% cap rate. Located in the rapidly growing U.S. Route 280 corridor, this property benefits from its proximity to major retailers such as Walmart, Lowe's, Home Depot, and numerous others, serving a densely populated and affluent area with an average household income exceeding $130,000 and over 78,000 residents within a five-mile radius. The property's location is further enhanced by its adjacency to significant new housing developments, contributing to the area's robust growth. This investment offers significant tax benefits through accelerated depreciation and cost segregation. The asking price is $6,405,440. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.6784
- Latitude
- 33.4226
