STREAM Capital Partners > Properties > All Properties > 1st Financial Bank Sale Leaseback Portfolio

1st Financial Bank Sale Leaseback Portfolio

Sale Leaseback

Birmingham, AL
Ownership Type:
Fee Simple
Price:
$12,557,419
Cap Rate:
7.75%
Current Rent:
$973,200
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15-20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Rent Increases:
2.0% - 3.0% Annual

Investment Highlights

  • 15-20 year absolute NNN lease with annual rent increases
  • Long-term operational history, established in 1937
  • Strong community influence serving long-standing customer base
  • Headquartered in Birmingham metro, which has a population of 1.1M
  • Locations in proximity to Interstates 20 & 459
Ownership Type:
Fee Simple
Price:
$12,557,419
Cap Rate:
7.75%
Current Rent:
$973,200
Lease Type:
Triple Net
Lease Term:
15-20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Rent Increases:
2.0% - 3.0% Annual

Listing Agents

Adam Baxter

Vice President
205 394 3520[email protected]

Adam English

Managing Director
256.694.9803[email protected]

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