2115 1st Ave S - Retail FOR SALE


Birmingham, AL 35233- Parkside
$1,542,000 USD
480-221-4221
2115 1st Ave S, Birmingham, AL for Sale
$1,542,000 USD
Retail - FOR SALE
1/7
null | 5.25% Cap Rate

2115 1st Ave S
Birmingham, AL 35233
Parkside


HIGHLIGHTS

  • 9+ Years Remaining | Scheduled Rental Increases |28 Superchargers
  • NN Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
  • US Hwy 280 (81,400 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Tesla Supercharger investment property located in Birmingham, Alabama. The tenant, Tesla, Inc., has over 9 years remaining on its 10-year lease with options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The landlord has a termination right in each option period. The lease is NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,542,000 USD

PRICE/SF

$2,203 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Tesla Supercharger | 9+yrs Corp NN w/ Incrs

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

Commercial

APN/PARCEL ID

22-00-36-4-019-005.000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.