6912 FIRST AVE N

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6912 FIRST AVE N

BIRMINGHAM, AL 35206-5003
Asking Price
$771K
Cap Rate
7%
Asset Type
Storefront Retail
Class
Class B

What's Special

Brand New 10-Year Lease | Strong Population and Traffic Counts | Annual Increases <ul><li>​Tenant recently executed a brand new 10-year lease, showing exceptional commitment to the site</li><li>​Dense, growing population with over 9,100 people within a 1-mile radius, projected to grow by nearly 3.7% between now and 2030</li><li>​Nearly 19,250 vehicles per day pass in front of the property on 1st Avenue North, providing ample customer awareness for the asset</li><li>​Birmingham continues to be one of the strongest markets in Alabama with affordable living, a 2.2% unemployment

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NOI
$80,000
Cap Rate
10.37%
DSCR
1.75
Strong
Cash-on-Cash
14.78%
Monthly Payment
$3,816.605
Annual Cash Flow
$34,200.742

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