www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27779720

151 Narrows Pkwy, Birmingham, AL 35242

ER
MS 19734
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC
$1,213,278
229 days on market
Updated 81 days ago

Early Autism Services | Therapy Center | Birmingham, AL

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,300
Cap Rate 7.23%
NOI $87,720
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 7.3
Lease Expiration 12/31/2032
Remaining Term 6.6
Rent Bumps Yes
Lease Options Two (2), Five (5) Year Options
Pro-Forma Cap Rate 7.23%
Pro-Forma NOI $87,720
Price per SqFt $282
Acreage 1.200
Investment Type Net Lease
Lease Commencement 10/01/2025

Office | 7.23% CAP | 4,300 SqFt

Marketing description

Randall Commercial Group, LLC is pleased to offer for sale a single-tenant medical investment property located in Birmingham, Alabama. This investment opportunity is fully leased to Early Autism Services, which signed a new 7.25-year NN+ lease. Rent commenced on January 1, 2026. The tenant is growing national provider Autism therapy services (Source: https://www.earlyautismservices.com/). The property has excellent visibility from HWY 280 in the Chelsea submarket.

Investment highlights

  • Long-Term Lease: Fully leased to Early Autism Services LLC with a 7.25-year NN+ lease, with 3% annual increases.

  • Established & Growing Tenant: Early Autism Services was established in 2008 and now provides comprehensive autism treatment services at 15 locations across the country.

  • Excellent Visability: Approximately 48,969 VPD on Hwy 280 near the property (Source: AL DOT)

  • Chelsea's Rapid Population Growth: Chelsea, AL, is growing at 3–4% annually (15,731–16,771 in 2023 to ~17,921 by 2025), outpacing Alabama’s 0.26–0.7% rate, driven by new subdivisions, top schools, and Birmingham metro migration, with projections nearing 20,000 by 2030. (Source: alabama-demographics.com)

  • Passive Structure: LL Responsibilities mitigated by new roof installed in 2023

Listing Contacts

ER
MS 19734
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,720.00
$7,310.00/mo

Valuation Metrics

0
DSCR
7.23%
Cap Rate
7.23%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591