Listed by Sands Investment Group
$1,350,000
Birmingham Shopping Center - Birmingham, AL
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 15,251
NOI $40,212
Tenancy Multi
Lease Type NNN
Lease Term 3
Lease Expiration 11/30/2028
Remaining Term 2.5
Price per SqFt $89
Year Built 1984
Acreage 0.850
Investment Type Net Lease
Lease Commencement 12/01/2025
Ground Lease No
15,251 SF Shopping Center - Birmingham, AL | Upside Potential | Strong Traffic Counts
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 15,251 SF Birmingham Shopping Center located at 7316 1st Avenue North in Birmingham, Alabama. This multi-tenant retail asset offers a value-add opportunity through the available 9,251 SF vacancy, allowing an owner-user to occupy the space or an investor to increase NOI through lease-up, providing for a strong investment opportunity.
Investment highlights
- Value-Add / Owner-User Opportunity: Opportunity to acquire a multi-tenant retail asset with a built-in value-add component through the 9,251 SF vacancy, allowing an owner-user to occupy the space or an investor to lease-up and increase NOI.
- Retail Synergy & Traffic Drivers: Positioned directly next to a high-performing Family Dollar, creating consistent daily foot traffic and strong co-tenancy benefits, with approximately 21,369 VPD providing excellent visibility and frontage along 1st Avenue North.
- Excellent Birmingham Location: Strategically located in the revitalizing Woodlawn/Birmingham corridor with quick access to major highways and only minutes from Birmingham-Shuttlesworth International Airport, making it highly accessible for both customers and businesses.
- Dense Demographics: Supported by a strong surrounding population of 109,888 residents within a 5-mile radius, providing a deep customer base for retail, medical, or service-oriented users.
- Affluent Consumer Base: Area demographics show an average household income of $100,735 within a 5-mile radius, reinforcing strong spending power and long-term tenant demand for neighborhood retail services.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,212.00
$3,351.00/mo
Valuation Metrics
0
DSCR
2.98%
Cap Rate
2.98%
ROI
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