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Net Lease

Single-Tenant NNN Industrial | Birmingham MSA

90 Bama Ln, Clanton, AL 35045

Listing Price: $1,252,000

Cap Rate
7.50%
Gross SF
18,975
Price/Gross SF
$65.98
Lot Size
2.50 acres
Year Built
1997
Rentable SF
18,975

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant industrial property located at 90 & 94 Bama Ln, Birmingham, Alabama The subject property is fully occupied by Elite InKast Design, LLC, who manufactures architectural and decorative concrete product using wet cast production techniques. The tenant is on a NNN lease with approximately five years of term remaining, 3.5 percent annual escalations, and two, 3-year options at fair market value. Located in an industrial corridor, the subject property is comprised of two industrial warehouses and a small office building totaling 18,975 square feet. The buildings rest 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 encompasses 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.

Investment Highlights

  • 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

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Net Lease

Single-Tenant NNN Industrial | Birmingham MSA

Listing Price: $1,252,000

Cap Rate
7.50%
Gross SF
18,975
Price/Gross SF
$65.98
Lot Size
2.50 acres
Year Built
1997
Rentable SF
18,975

Investment Highlights

  • 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

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant industrial property located at 90 & 94 Bama Ln, Birmingham, Alabama The subject property is fully occupied by Elite InKast Design, LLC, who manufactures architectural and decorative concrete product using wet cast production techniques. The tenant is on a NNN lease with approximately five years of term remaining, 3.5 percent annual escalations, and two, 3-year options at fair market value. Located in an industrial corridor, the subject property is comprised of two industrial warehouses and a small office building totaling 18,975 square feet. The buildings rest 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 encompasses 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.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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