9129 Parkway East
Birmingham, AL
Price:
$3,851,000
Cap Rate:
6.00%
NOI:
$231,085
Building Size:
Approx. 16,000 Sq. Ft.
Lot Size:
Approx. 1.84 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2022
Investment Overview
- 2022 Construction. 16,000 +/- SF Building on 1.84+/- Acre Site
- Brand New Corporate 15 Year Lease w/ 10% Rental Bump in Year 11, and Every 5 Years Afterwards
- Excellent High Traffic Location at the Three-Way Signalized Intersection of Parkway E & Shopping Center Dr (29,600 Combined VPD)
- Shadow Anchored by Walmart Supercenter and Near Several Other National Tenants Including Harbor Freight Tools, Dollar Tree, Chick-fil-A, Walgreens, and More.
- Subject Property Serves as Both a Retail Store and Distribution Site that Stocks Inventory for Other Advance Auto Parts Locations
- Advance Auto Parts (NYSE: AAP) is a Leading Automotive Market Parts Provider & Official Auto Parts Retailer of NASCAR
- Birmingham | Part of the Birmingham-Hoover MSA (Greater Birmingham) | County Population: 1.1 Million