140 Resource Center Pkwy

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140 Resource Center Pkwy

Birmingham, AL 35242
Asking Price
$4.63M
Cap Rate
5.35%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

New 15-Year Abs NNN Lease | 2% Annual Rent Increases <ul><li>​15-year absolute NNN corporate lease to Gerber Collision.</li><li>​2% annual rental increases in initial term and four (4) option periods of five years each deliver steady growth throughout the life of the term.</li><li>​Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.</li><li>​Gerber Collision & Glass has grown to one of the largest auto collision and glass repair companies in North America (850+ loca

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NOI
$80,000
Cap Rate
1.73%
DSCR
0.29
Underwater
Cash-on-Cash
-14.03%
Monthly Payment
$22,896.819
Annual Cash Flow
$-194,761.826

Location & Travel Times