919 Odum Rd, Gardendale, AL 35071-3600
- Medical Office Space
- 5,410 SF
- 1.32 lot acres
Current Use by Public Records
- U-Save Pharmacy / Pharmacy
- American Family Care Gardendale / Medical Clinic
- Dr. Victor Bonuel / Physician
- John Holcombe Holloway / Pediatrician / Physician
- Mr. John Holloway / Pediatrician / Physician
Property Details for 919 Odum Rd
- Year built
- 2013
- Lot size
- 1.32 lot acres
- Zone code
- C2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 14-00-14-2-003-053.001
- APU
- 1400142003053001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 3, 2025 | — | Fcpt Holdings LLC | Dbi Properties LLC | Warranty Deed | — |
| Jun 28, 2017 | — | Dbi Properties LLC | Irwin,d Bruce | Quit Claim Deed | — |
| Jun 8, 2011 | $476,425 | Irwin,d Bruce | Owner Name Unavailable | Grant Deed · related | — |
| — | — | D Bruce Irwin | — | Deed Of Trust · related | $1.1M · Bank Of America |
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.
Value Estimations
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $860,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,075,000 Change: +25% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $765,000 Change: -11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $765,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Gardendale
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8256
- Latitude
- 33.6491
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
