2313 Center Point Pkwy Birmingham, AL 35215
For Sale
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DARK LOCATION & CORPORATE GUARANTEE – There are a ±4 years remaining on the lease with nearly $1.2M of remaining rent which is guaranteed by Walgreens Corporate. Walgreens is ranked #27 on the Fortune 500 list as of January 2025. ABSOLUTE NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive and secure investment. The roof of this property was also replaced around 2014. EXCELLENT VISIBILITY & TRAFFIC COUNTS – This property is easily seen, as it is situated on the hard corner of Center Point Parkway (±25,000 VPD) and 23rd Ave NE (± 5,000 VPD) which are both major thoroughfares that run through Birmingham. NEARBY NATIONAL RETAILERS – Firestone, Davita Kidney Care, Dollar Tree, Dollar General, Regions Bank, Auto Zone, Family Dollar, Taco Bell, Advance Auto Parts, Chick-fil-A, Walmart, USPS, Popeyes, and many national automotive dealerships. BIRMINGHAM – HOOVER MSA – With over 1,150,000 residents, the Birmingham Hoover MSA is the most populous metro of Alabama.
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
Similar Nearby for Lease
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.