919 Odum Rd Gardendale, AL 35071-3600

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.