1112 Gene Reed Road, BHM
Trussville-Area Single Tenant w/6.5 years remaining on lease
$4,980,000 5-cap
Medical Office Bldg
2% rent bumps
Absolute NNN
.JPG)
Completely renovated in 2016 with new roof, HVAC, interior and exterior and landscaping. Price is a 5-cap at current rents, with 2% annual bumps. Absolute NNN lease. 3-doctor practice with surgery center. Additional building on property was once a pharmacy and now storage. With a lease amendment, it could perhaps be leased separately for revenue increase.
