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33226468
33226469

6912 FIRST AVE N, BIRMINGHAM, AL 35206-5003 For Sale

DD
TX 656858
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin
$771,428
54 days on market
Updated 54 days ago
Opportunity zone

TitleMax

Details
APN 2300153001015000
Property Type Retail
Sub Type Storefront
Square Footage 4,000
Net Rentable (SqFt) 4,000
Units 1
Cap Rate 7%
NOI $54,000
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 25.2
Lease Expiration 02/27/2037
Remaining Term 10.6
Rent Bumps Yes
Lease Options Three (3), 5-Year Options
Price per SqFt $193
Year Built 1983
Buildings 1
Acreage 0.780
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/20/2011
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Brand New 10-Year Lease | Strong Population and Traffic Counts | Annual Increases

Marketing description

TitleMax at 6912 1st Ave. N., Birmingham, AL presents an attractive single-tenant net lease investment opportunity in one of Alabama’s strongest and most dynamic metro markets. This ±4,000 SF freestanding retail property sits on 0.78 acres along heavily traveled 1st Avenue North, with nearly 19,250 vehicles passing daily and excellent visibility enhanced by prominent signage.

The tenant recently executed a brand-new 10-year Double Net lease, demonstrating long-term commitment to the location and providing investors with stable, predictable income. The lease features 1.5% annual rent increases, offering a built-in hedge against inflation and steady cash flow growth over time. Offered at a 7.00% cap rate and $771,428 list price, the asset combines yield with long-term income security.

Positioned in a dense infill corridor with more than 9,100 residents within a 1-mile radius, the property benefits from strong local traffic drivers, nearby national retailers, and close proximity to Birmingham-Shuttlesworth International Airport and Interstate 59. Located in the growing Birmingham-Hoover metro, this offering delivers durable real estate fundamentals, strong visibility, and an established corporate tenant with a national operating footprint.

Investment highlights

  • Tenant recently executed a brand new 10-year lease, showing exceptional commitment to the site
  • Dense, growing population with over 9,100 people within a 1-mile radius, projected to grow by nearly 3.7% between now and 2030
  • Nearly 19,250 vehicles per day pass in front of the property on 1st Avenue North, providing ample customer awareness for the asset
  • Birmingham continues to be one of the strongest markets in Alabama with affordable living, a 2.2% unemployment rate, strong economic diversity, and a growing population
  • Annual increases provide stable cash flow with a strong hedge against inflation for an incoming investor

Listing Contacts

DD
TX 656858
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$54,000.00
$4,500.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Edwin Eddie Greenhalgh
License
AL 0000882980
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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