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2424 18th St N, Birmingham, AL, 35234

TruckPro (FleetPride)
$1,257,000

Key Information

Cap Rate
6.31%
$ per SF
$100
Tot. SF
12,500
Lot Size
1.84 Acres
Year Built
1999
Term Remaining
± 6.7 Years
Type
Industrial
Occupancy
100%
NOI
$79,291

Highlights

  • Highly Functional Facility: This ±12,500 SF industrial facility is situated on a fenced ±1.84 AC lot, providing the tenant with ample paved yard space and 100% HVAC-served building for enhanced functionality and efficiency.
  • Prime Infill Location: The property is less than ±2 miles from downtown Birmingham, directly adjacent to Interstate-65 (±122,220 VPD), offering exceptional regional connectivity and visibility.
  • Industry Leading Tenant With National Scale: FleetPride, Inc. is the nation’s largest independent distributor of heavy-duty truck and trailer parts, now operating approximately 450 locations nationwide after merging with TruckPro.
  • Long Term Lease / Annual Increases: The property features a long-term lease with annual rent increases, two 5-year options at fair market value, and minimal landlord responsibilities.
  • Mission-Critical, Non-Discretionary Business Model: FleetPride supplies essential parts and maintenance services for commercial fleets, resulting in stable, non-discretionary revenue across economic cycles.
  • Private Equity Sponsorship: FleetPride is jointly owned by American Securities and Platinum Equity, providing institutional support and capital resources for long-term platform expansion.
  • Proven Acquisition-Led Growth Strategy: FleetPride has consistently expanded through strategic acquisitions, culminating in its 2025 merger with TruckPro, strengthening its market leadership.
  • Strategic Industrial Hub: Birmingham’s central location and access to major interstate corridors make it a key industrial and logistics hub for the Southeast.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0, 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203