919 Odum Rd Gardendale, AL 35071-3600

Property Details for 919 Odum Rd

Year built

2013

Lot size

1.32 lot acres

Property size

5,410 SF

Zone code

C2

Property type

Medical offices

Property subtype

Medical centers

APN

14-00-14-2-003-053.001

APU

1400142003053001

Description

This exceptional Class A retail investment opportunity presents a 4,975 square foot, single-tenant net-leased property occupied by American Family Care in Gardendale, Alabama. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $173,806. Secured by a corporate guarantee, the absolute NNN lease commenced August 1, 2023, and extends for a total of 15 years, with a remaining term of 13.7 years. Annual rent increases are tied to the Consumer Price Index (CPI), with a 2% floor and no cap, ensuring consistent income growth. The property is strategically located at 919 Odum Rd, Gardendale, AL 35071, just off Fieldstown Road, a major retail corridor with an impressive 2022 AADT of 28,901. Its proximity to I-65 and a vibrant retail environment anchored by national brands like Publix, Walmart, Starbucks, Chick-fil-A, Hobby Lobby, and TJ Maxx, further enhances its investment appeal. The asking price is $2,812,400, translating to a price per square foot of $565.31. This investment offers a compelling combination of strong tenant credit, long-term lease stability, and a prime location within a rapidly developing area. The lease includes a 10-year option.

Location Insight

City

Gardendale

County

Jefferson

State

Alabama

Longitude

-86.8256

Latitude

33.6491

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments