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30108581
30108582

2424 18th St N, Birmingham, AL 35204

HC
AL AL 000168807 - 0, TN TN 263667 (+1)
Matthews
Listed by Matthews
$1,257,000
89 days on market
Updated 71 days ago
Opportunity zone

TruckPro (FleetPride)

Details
APN 22-00-23-3-013-001.000
Property Type Industrial
Sub Type Warehouse
Net Rentable (SqFt) 12,500
Cap Rate 6.31%
NOI $79,292
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 11/30/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options (2) 5-Year Options at FMV
Broker Co-Op Yes
Year Built 1999
Buildings 1
Stories 1
Acreage 1.840
Zoning QC2
Investment Type Net Lease
Lease Commencement 12/01/2022
Ground Lease No
Ceiling Height 16
Sale Condition 1031 exchange

National Tenant (±450 Locations) | Long-Term Lease | Annual Increases

Marketing description

After its merger with TruckPro in October 2025, FleetPride now operates at over ±450 locations nationwide.

The site is directly adjacent to I-65, providing the site with great connectivity and visibility.

The property comes with ±12,500 SF of building space (100% HVAC) on a ±1.84 AC paved lot, allowing for maximized functionality and efficiency for the tenant.

The tenant has a 20+ year operating history at the facility and has a long-term lease in place with annual increases and FMV options.

Investment highlights

  • Highly Functional Facility: This ±12,500 SF industrial facility is situated on a fenced ±1.84 AC lot, providing the tenant with ample paved yard space to support ongoing operations. The building is 100% HVAC-served, enhancing functionality and efficiency for the tenant’s long-term use of the property.

  • Prime Infill Location: The property benefits from a highly strategic infill location less than ±2 miles from downtown Birmingham, offering proximity to the region’s core labor pool and business hub. Positioned directly adjacent to Interstate-65 (±122,220 VPD) with easy access to the exit ramp, the site has exceptional regional connectivity and visibility.

  • Industry Leading Tenant With National Scale: FleetPride, Inc. is the nation’s largest independent distributor of heavy-duty truck and trailer parts and a leading service provider. In October 2025, FleetPride announced its merger with TruckPro, LLC, further strengthening its market dominance and operating platform. Post-merger, FleetPride now operates at approximately 450 locations nationwide, including 110 service centers and six distribution centers, providing exceptional scale, geographic diversification, and long-term operational stability.

  • Long Term Lease / Annual Increases: The property comes equipped with a long-term lease featuring annual rent increases, two, 5-year options at fair market value, and minimal landlord responsibilities, providing an investor with a low-maintenance hedge against inflation.

Listing Contacts

HC
AL AL 000168807 - 0, TN TN 263667 (+1)
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,292.00
$6,607.67/mo

Valuation Metrics

0
DSCR
6.31%
Cap Rate
6.31%
ROI

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Additional Information

Name
Hutt Cooke
License
000110253 - 0, 000168807-0 (AL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Hutt Cooke
License
AL 000168807 - 0
Brokerage Phone
866-889-0550
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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