8,696 sqft

$4,980,000

1112 Gene Reed Road, Birmingham AL, 35235

Price per sqft$572.68

Built in1985

Property size8,696 sqft

Property typeCommercial

Overview

Active

Listed May 20, 2025

Updated Jun 9

Absolute NNN lease. Tenant vascular surgery center recently acquired by Grandview Health. Lease start date 10/6/21 for 10 year term with 2% annual rent increases. Current annual rent is $248,959.34 There are 5 renewal options for 3 years each. Tenant responsible for all operating expenses plus structural repairs. Value add opportunity with 1,162 sf surplus building (former pharmacy) that could be separated from main lease and then rented by to another tenant. Based on an 80% improvement to total property ratio and MOB average cost seg percentages, first year bonus depreciation could be in the range of $1,593,000 to $2,390,400, depending on buyer's tax professional's advice.

Other Property Details

Taxes: $27,208
Tax Frequency: Annually

Listed by Denise Evans with Butler Evans Real Estate, Inc.
Listing Contact: 2053103799

The IDX display contains information sourced from the West Alabama Multiple Listing Service, Inc. as of 6/9/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 6/9/2026 at 2:26 PM UTC