5350 Us-280 Harpersville, AL 35078
This exceptional investment opportunity presents a 17,500-square-foot auto shop in Harpersville, Alabama, situated on a 0.94-acre lot at 5350 US-280, zip code 35078. The property boasts a 20-year absolute triple-net (NNN) lease with a prominent, rapidly expanding corporate tenant, providing significant long-term stability and minimal landlord responsibilities. The lease commenced upon closing and features annual rent of $232,305, with built-in 2% annual rental increases, ensuring consistent income growth. The lease includes four, five-year renewal options, extending the potential lease term to a total of 40 years. The tenant's strong corporate guarantee further mitigates risk. Built in 1970, this 100% occupied property offers a compelling 7.00% cap rate, making it an attractive addition to any investment portfolio. The property's location in Shelby County provides excellent access and visibility. This is a turnkey investment with substantial upside potential. The property is currently generating a net operating income (NOI) of $232,305.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.