Birmingham, AL - North American Title Loans

Description:

• The tenant, North American Title Loans, has approximately 19 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation

• The subject property is strategically located along Bessemer Rd, which averages over 15,000 vehicles passing by daily
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Piggly Wiggly, Dollar Tree, CVS Pharmacy, O’Reilly Auto Parts, McDonald’s, KFC, Waffle House, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site