STREAM Capital Partners > Properties > All Properties > eCO Credit Union

eCO Credit Union

Net Lease

105 Frankfurt Circle, Birmingham, Alabama
Ownership Type:
Fee Simple
Price:
$2,275,862
Cap Rate:
7.25%
Current Rent:
$165,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
3, 5-year options
Building Sq. Ft.:
6,000 SF
Rent Increases:
2.00% Annually
Site Size:
2.17 Acres

Investment Highlights

  • Long Term Absolute NNN Lease: Brand new 15 year absolute NNN lease with no landlord responsibilities.
  • Strong Corporate Guarantee: As a trusted financial institution with over 80 years of service, eCO Credit Union guarantees a continued commitment—backed by a strong foundation of over $190 million in assets and a growing network of six branches.
  • Rental Increase: Lease offers 2% rental increases annually providing a strong hedge against inflation and ensuring passive income
  • Strong Business Corridor: Lakeshore is home to several notable companies in Birmingham for both corporate and industrial operations
  • Convenient Access: site is easily accessible from Lakeshore Pkwy (20k VPD) and just 3 miles from I65
  • Birmingham MSA: High density in the surrounding area with several nearby multifamily projects and single family homes
Ownership Type:
Fee Simple
Price:
$2,275,862
Cap Rate:
7.25%
Current Rent:
$165,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
3, 5-year options
Building Sq. Ft.:
6,000 SF
Rent Increases:
2.00% Annually
Site Size:
2.17 Acres

Listing Agents

Adam Baxter

Vice President
205 394 3520[email protected]

Jordan Williams

Senior Associate
205 209 5671[email protected]

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