1820 Southpark Dr Birmingham, AL 35244

Exceptional investment opportunity in Birmingham, Alabama, featuring a 10,607 square foot, Class A, single-tenant property located at 1820 Southpark Drive, 35244. This mixed-use building, constructed in 1997 and renovated in 2018, sits on a 1.24-acre lot and boasts a 9,600 square foot net rentable area. Currently operating as a daycare, traditional office, and medical office space, the property is 100% occupied with a corporate guaranteed, absolute NNN lease in place until October 30, 2030, offering a remaining lease term of 6.4 years. The lease features a 1.75% annual rent increase until November 1, 2024, followed by adjustments based on the CPI. Three five-year renewal options further enhance the long-term value. The property enjoys an excellent location on Highway 31, within a dense retail corridor, just one mile from I-65 and 2.5 miles from I-459, providing easy access to metropolitan Birmingham. With a daily traffic count of 34,638 vehicles, the property benefits from high visibility and accessibility. The asking price is $1,750,000, representing a compelling $182 per square foot and a 6.50% cap rate, based on a current Net Operating Income (NOI) of $113,712. Ample on-site parking is available for employees and customers.