2115 1st Avenue S, Birmingham, AL 35233 For Sale

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a Tesla Supercharger located in Birmingham, Alabama. The tenant, Tesla, Inc., has over 7 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 option period.

The Tesla Supercharger is located right off of US Hwy 280/Red Mountain Expressway which averages over 81,400 vehicles per day. The property is located in the heart

of Birmingham, and is within walking distance to the University of Alabama at Birmingham, which enrolls over 22,000 students. The asset is adjacent to 20 Midtown and apartment complexes totaling 2,000 units. In addition, the asset is located just blocks away from Regions Field, home of the Birmingham Barons baseball team. The stadium has over 8,500 seats. The property is in the center of a primary mixed-use, urban core area with other nearby national/credit tenants including Publix, Chipotle, Cava, Outback Steakhouse, Qdoba, Tropical Smoothie Cafe, Milo’s, Panda Express, Pie & Pints, Ballard Designs, McDonald’s, Chick-fil-A, Starbucks, Taco Bell, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 167,500 with an average household income of $101,401.