20 Hazelwood Dr Pell City, AL 35125-3382

Property Details for 20 Hazelwood Dr

Year built

2013

Lot size

1.24 lot acres

Property size

5,180 SF

Property type

Medical offices

Property subtype

Medical centers

APN

23-07-25-0-002-021.004

APU

2307250002021004

Description

This exceptional investment opportunity presents a 4,956 square foot Class A retail property leased to American Family Care in Pell City, Alabama. Located within the Birmingham MSA, this property boasts a prime location directly across from a high-performing Walmart and near other prominent national retailers including Chick-fil-A, Walgreens, Cracker Barrel, and Home Depot. The property's strategic positioning less than a block from the intersection of I-20 and US Highway 231 ensures exceptional visibility and accessibility. The tenant, American Family Care, is secured by a corporate guarantee under a new 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038, leaving a substantial 13.7 years remaining. The lease includes annual rent increases based on CPI adjustments, with a 2% floor and no cap, providing consistent income growth. The property offers a compelling 6.18% cap rate and a strong net operating income (NOI) of $160,154, with a price per square foot of $522.90. This is a single-tenant, low-maintenance investment with significant long-term potential, offering a secure and attractive return for investors seeking a stable, high-performing asset in a thriving retail corridor. The asking price is $2,591,484. A 10-year lease option is also available.

Location Insight

City

Pell City

County

St. Clair

State

Alabama

Longitude

-86.2824

Latitude

33.6115

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments