Trussville Xing Blvd Birmingham, AL 35235
- Retail properties
- 7,100 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Trussville Xing Blvd
- Property size
- 7,100 SF
- Property type
- Retail properties
- Property subtype
- Medical centers
Description
This exceptional investment opportunity presents a 7,100 square foot Class A retail building, currently leased to American Family Care under a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $216,863. Located in Trussville, Alabama, a thriving suburban area, this strategically positioned property benefits from high visibility and accessibility, situated near major transportation routes and a concentration of national retailers including Walmart, Ross, Marshalls, Sam's Club, Cracker Barrel, Starbucks, and Chick-fil-A. The property enjoys a prominent location on a major retail corridor with abundant parking. The lease includes annual rent increases based on CPI adjustments, with a 2% floor and no cap, providing built-in protection against inflation. The tenant, American Family Care, is backed by a corporate guarantee, mitigating risk. The asking price is $3,509,116, translating to a price per square foot of $494.24. This investment offers a compelling combination of strong tenant, favorable lease terms, and a prime location in a high-growth market. The property is situated on Trussville Crossing Blvd in Jefferson County, Alabama, zip code 35235, experiencing a high volume of 40,163 vehicles per day on nearby Chalkville Road. The lease features a 10-year renewal option.
Value Estimation
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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
- Jefferson
- State
- Alabama
- Longitude
- -86.6279
- Latitude
- 33.6439
