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31121606
31121607

1031 Montgomery Highway, Vestavia Hills, AL 35216

RB
TX 580152
SRS Real Estate Partners - Global Company
Listed by SRS Real Estate Partners - Global Company
$11,401,000
284 days on market
Updated 24 days ago

Vestavia Commons & The Picklr

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 34,080
Net Rentable (SqFt) 34,080
Units 5
Cap Rate 7.71%
NOI $878,715
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, picklr (+2)
Lease Type NNN
Remaining Term 15
Rent Bumps Yes
Class A
Year Built 2016
Year Renovated 2025
Acreage 3.340
Zoning B-2 General Business
Parking Spaces 168 spaces
Parking Per SqFt 4.93
Investment Type Core+
Ground Lease No

Retail | 7.71% CAP | 34,080 SqFt

Marketing description

Vestavia Commons presents a prime retail community shopping center opportunity in the heart of Vestavia Hills. The property is newly anchored by The Picklr, the fastest growing pickleball company.

The property is located at a signalized intersection on the main thoroughfare of Montgomery Highway.

Strong tenant lineup with long term leases and annual rental increases.

Investment highlights

Vestavia Commons offers a rare opportunity to buy a core shopping center with a strong tenant lineup in one of the wealthiest and most sought after communities in the state.

There are numerous surrounding traffic draws in the area showing the density to the market as Publix, Target, Planet Fitness, Walmart, Chick Fil A, Sams Club, Hobby Lobby, Ross, Lowes, Truist Bank, Zaxbys among many others.

Listing Contacts

RB
TX 580152
SRS Real Estate Partners - Global Company
Listed by SRS Real Estate Partners - Global Company

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$878,715.00
$73,226.25/mo

Valuation Metrics

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DSCR
7.71%
Cap Rate
7.71%
ROI

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