201 Doug Baker Blvd Birmingham, AL 35242-2013

Property Details for 201 Doug Baker Blvd

Year built

2005

Lot size

1.24 lot acres

Property size

7,818 SF

Property type

Medical offices

Property subtype

Medical centers

APN

93050001030013

APU

93050001030013

Description

This Class A, 7,943 sq ft medical office building in Birmingham, AL, offers a compelling investment opportunity. Located at 201 Doug Baker Blvd, in the Lee Branch Shopping Center, this single-tenant property boasts a 10-year NNN lease (expiring 11/01/2028) with a corporate guarantee from a subsidiary of Community Health Systems, one of the nation's largest publicly traded hospital companies. The tenant, Grandview Medical Group, an affiliate of Grandview Medical Center, has occupied the building since November 2018, demonstrating strong tenancy. The lease includes annual 2% rent bumps, ensuring consistent income growth. The property features 64 parking spaces per 1,000 sq ft and sits on a 1.24-acre lot. Recent upgrades include a full roof replacement and parking lot improvements, along with over $76,000 in tenant-funded interior and exterior renovations. The asking price is $2,900,000, representing a 5.50% cap rate and a price per square foot of $365.10. The building, constructed in 2005 and renovated in 2013, is zoned C-2. This is a stabilized investment with a strong tenant and significant upside potential. The property's prime location near US Highway 280 and Doug Baker Boulevard provides excellent visibility and accessibility. This offering is ideal for a 1031 exchange.

Location Insight

City

Birmingham

County

Shelby

State

Alabama

Longitude

-86.6668

Latitude

33.4082

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments