4701 Us-280 Birmingham, AL 35242
- Retail properties
- 4,283 SF
- 1.79 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4701 Us-280
- Lot size
- 1.79 lot acres
- Property size
- 4,283 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,283 square foot, absolute NNN ground lease with Bank of America, one of the nation's largest banks, as the tenant. Located at 4701 US-280 in Birmingham, Alabama (Shelby County, zip code 35242), this property boasts a prime location on a major highway with over 88,950 vehicles passing daily. The 1.79-acre lot offers high visibility and accessibility. Construction is slated to begin January 2025, with an anticipated opening in August 2025. The 15-year lease, commencing December 31, 2024, and expiring January 1, 2039, includes 10% rent bumps every five years and six, five-year lease options. The property features a 5.00% cap rate and a strong net operating income (NOI) of $265,000. The tenant's corporate guarantee provides significant security. This is a passive ownership opportunity with zero landlord responsibilities. The property benefits from excellent local demographics, situated in an affluent area with average household incomes exceeding $150,000 within a five-mile radius and a population exceeding 100,900 within the same area. The property is also near substantial Class A office, retail space, and the Grandview Hospital campus. The property was renovated in 2024 and enjoys 100% occupancy. This is a rare chance to acquire a secure, high-return investment with a blue-chip tenant. Asking price is $5,300,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.6995
- Latitude
- 33.4231
