3700 Cahaba Bch Rd Birmingham, AL 35242-5225
- Office buildings
- 30,029 SF
- 5.65 lot acres
May 21, 2024
Current Use by Public Records
- Dr. Jill Shelby / Nurse Practitioner
- Dowanda Pullom / Nurse Practitioner
- AHR / Employment Agency
- American Family Care Corporate Office / Physical Examination Center / Walk-In Clinic
- DBI Properties, LLC / Commercial Real Estate Agency
Property Details for 3700 Cahaba Bch Rd
- Year built
- 1976
- Construction
- WOOD
- Lot size
- 5.65 lot acres
- Property size
- 30,029 SF
- Property type
- Office buildings
- APN
- 39300001004001
- APU
- 39300001004001
Description
This exceptional investment opportunity presents a 34,374 square foot Class A retail property, currently serving as the corporate headquarters for American Family Care. Located at 3700 Cahaba Beach Rd, Birmingham, AL 35242, in Shelby County's desirable 280 Corridor, this property boasts a strong, national tenant with a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. This leaves a substantial 13.7 years remaining on the lease term. The lease features annual rent increases tied to the CPI, with a 2% floor and no cap, ensuring consistent income growth. The property's current net operating income (NOI) is $296,111, yielding an attractive 7.21% cap rate at an asking price of $4,107,085 ($119.48 per square foot). The tenant, American Family Care, provides a corporate guarantee, mitigating risk. This single-tenant property offers a secure, long-term investment with significant upside potential. The lease includes a 10-year option, further enhancing the investment's longevity and value. This is a rare opportunity to acquire a high-quality, strategically located asset with a blue-chip tenant in a prime Birmingham market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.6898
- Latitude
- 33.4319
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA