1151 Bankhead Hwy W, Birmingham, AL 35204

Redevelopment Opportunity - PNC has Future Rent Obligations Over the Remaining 1 Year of Lease Term

An investor should be able to lower their basis in the property, recapturing a percentage of their initial investment over the remaining lease term.

Excellent Access and Visibility on Bankhead Highway West (41,384 VPD), Where Traffic Counts have Increased Over the Trailing Three Years

Traffic has surged by 50% over the past three years, rising from 27,624 vehicles per day in 2020 to 41,384 in 2022.

One Mile to Interstate 20 (136,038 VPD)

Strategic Location in a Qualified Opportunity Zone, Providing Tax Incentives to a Potential Buyer

Opportunity Zones provide tax incentives for investments in specific census tracts. Individuals investing through special funds in these zones may defer or eliminate federal taxes on capital gains.

More than 146,000 Residents (Five-Mile Radius )

There are 224,365 employees in the same area, marking a 53 percent daytime population increase.

3.5 Miles to Downtown Birmingham - MSA Population of 1.2 Million Residents

Type of Ownership: Fee Simple

Ownership: Public

Tenant: Corporate Store

Lease Guarantor: Corporate

Lease Type: Triple-Net

Roof and Structure: Landlord Responsible

Initial Lease Term: 20 Years

Lease Commencement Date: 11/1/2006

Rent Commencement Date: 11/1/2006

Lease Expiration Date: 11/30/2026

Term Remaining: 1 Year