List Search

1989 Montgomery Hwy S
Birmingham, AL 35244

$1,591,363 USD

Medical For Sale  •  2,798 SF

Property Details

  • Property Type Medical
  • Total Building Size 3,180 SF
  • Lot Size 0.73 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 7.00 %
  • Zoning Commercial
0 Transit Score
50 Walk Score

Highlights

Brand new 10-year NN lease with ±7 years remaining and 1% annual increases.
Corporate guarantee from Urgent Team, a leading urgent care operator with 85+ locations.
Passive investment with landlord responsible only for roof and structure.
Prime location on Montgomery Hwy with 35,000+ VPD and strong retail synergy.
Affluent demographics with $110K+ average household income within 1 mile.
Located in Birmingham MSA, experiencing 8.8% 5-year population growth.
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Physicians Care Walk-in Clinic-hoover South

Amenities

  • Wheelchair Accessible

Public Transportation

AirportDriveWalkDistance
Birmingham-Shuttlesworth International 29 min - 18.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Hutt Cooke 615-521-6955 Matthews Real Estate Investment Services
Hutt Cooke 615-521-6955 Matthews Real Estate Investment Services