SINGLE-TENANT NNN INDUSTRIAL – Birmingham MSA AL

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in a single-tenant industrial property located at 90 & 94 Bama Ln, Birmingham, Alabama. The property is fully occupied by Elite InKast Design, LLC, a company specializing in the manufacturing of architectural and decorative concrete products using wet cast production techniques. The tenant is on a NNN lease with approximately five years remaining, 3.5% annual escalations, and two 3-year options at fair market value.

The property is situated in an industrial corridor and consists of two industrial warehouses and a small office building, totaling 18,975 square feet. The buildings sit on approximately 2.50 acres across two adjacent lots with M-2 zoning.

The Birmingham-Hoover metro area, located in north-central Alabama, has a population of approximately 1.2 million residents. The metro area includes Jefferson, Bibb, Shelby, Blount, Chilton, Walker, and St. Clair counties. Birmingham, the largest city, is home to more than 200,000 residents, followed by Hoover with 93,100 residents and Vestavia Hills with 37,900 residents. Population growth in the region is expanding outward from Birmingham along the interstate system into emerging next-ring cities such as Alabaster.

• Single-Tenant NNN Industrial in the Birmingham MSA
• Fully Leased by Elite InKast Design, LLC | Personal Guarantee
• Tenant to Provide Financials Once Per Year Upon Landlord’s Request
• +/- 5 Years of Term Remaining | 3.5% Annual Escalations | Two, 3-Year Options at FMV
• M2 Zoning | Located in an Industrial Corridor | 3 Miles from Interstate-65
• 50 Miles from Birmingham and 40 Miles from Montgomery

BOR :

EDDIE GREENHALGH
Alabama Broker of Record
(250) 510-9200 | License: AL 000088298-0