Property History
Experienced Operators: T-Mobile currently operates 7,500 retail stores nationwide. The Peach Cobbler Factory operates over 100 retail stores across 19 states and are expanding rapidly.
Brand New Lease with Minimal Landlord Responsibilities: Brand new construction 10 year NN lease with options to extend providing passive ownership opportunity.
Well Positioned: Situated just off exit 156 on I- 59 which has a traffic count of over 30,000 VPD.
Affluent Area: The average household income within a 1 mile radius is $87,500.
Retail Dense Location: Located near other national tenants such as Walmart, Waffle House, Taco Bell, Zaxby’s Burger King, and Fresh Market
2.5-acre outparcel adjacent to the Walmart Supercenter,
strategically located off Springville Exit 156 on I-59. With I-59
traffic counts exceeding 26,165 AADT (source: ALDOT, 2022), this
property offers a compelling retail play. Prime location directly
adjacent to the Springville Sports Complex and surrounded by
established national retailers such as: Walmart, Burger King,
Mach-1 Express, Zaxby's, and Waffle House, making this
property a prospect for retail development.
2.5 acre outparcel
Adjacent to Walmart
Directly off growing exit
Easy access to Birmingham and Gadsden
The new restaurant is a Walmart out parcel that sits snuggly between I-59 and U.S. Highway 11. It is the first accessible property restaurant off of exit 156 from I-59. Springville, is located less than 30 miles from downtown Birmingham. Springville is flanked by metropolitan Birmingham to the southwest and the industrial towns of Gadsden and Rainbow City to the northeast, ensuring both daytime and evening traffic. The site is also within a 500 ft of I-59 a road that boasts nearly 20,000 vehicles per day. Nearby retailers include Walmart, Taco Bell, Zaxby’s, Waffle House, Pizza Hut and Dollar Tree.
- BRAND NEW 20-YEAR NNN LEASE
- GROWING PART OF BIRMINGHAM MSA
- HEALTHY RENT-TO-SALES RATIO
- WALMART OUTPARCEL
Loan History
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