Listed by HSC Commercial Properties
$1,750,000
1820 Southpark Drive
Details
Property Type Retail, Office
Sub Type Day Care/Nursery, Traditional Office
Square Footage 10,607
Net Rentable (SqFt) 9,600
Cap Rate 6.50%
NOI $113,712
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 12.9
Lease Expiration 10/30/2030
Remaining Term 6.4
Rent Bumps Yes
Lease Options 3- Five year options
Price per SqFt $182
Broker Co-Op Yes
Class A
Year Built 1997
Year Renovated 2018
Buildings 1
Stories 1
Acreage 1.240
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/10/2017
Occupancy Date 08/31/2022
Great Investment Opportunity - Absolute NNN
Marketing description
For Sale
Investment highlights
- Investment sale - well below market value and replacement cost
- 8 year corporate guaranty
- Absolute nnn lease with 1.75% annual increases until 11/1/24 then tied to cpi
- 3 (5 year) options to renew
- Ample on-site parking for employees & customers
- Excellent location on highway 31 along a dense retail corridor.
- Just 1 mile from i-65, 2.5 miles from i-459 and easily accessible to all of metropolitan birmingham.
- Traffic count in front of site: 34,638 vpd
Listing Contacts
Listed by HSC Commercial Properties
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
$113,712.00
$9,476.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
PC PlannedPlanned Commercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 107 uses
View all 107 uses Last updated Mar 25, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
