2970 Pelham Pkwy, Pelham, AL 35124-1799

This exceptional investment opportunity presents a 4,182 square foot Class A medical office building in Pelham, Alabama. Located at 2970 Pelham Parkway, the property boasts a prominent position with high visibility and convenient access. The building is currently leased to American Family Care under a new 15-year Absolute NNN lease, commencing August 1, 2023, and expiring July 31, 2038, leaving 13.7 years remaining. The lease includes annual rent increases based on CPI adjustments, with a 2% floor and no cap, ensuring consistent income growth. The tenant is backed by a corporate guarantee, mitigating risk. The property offers ample on-site parking, a significant advantage for both patients and staff. Its strategic location near Shelby Baptist Hospital, various industrial businesses, and other medical parks further enhances its appeal and potential for long-term value appreciation. The asking price is $2,064,684, representing a price per square foot of $493.71 and a compelling 6.18% cap rate with a current NOI of $127,597. This is a turnkey investment with a strong tenant, a long-term lease, and significant upside potential. The property is situated in Shelby County, Alabama, zip code 35124.