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1432 20th Street Ensley, Birmingham, AL 35218
12,035 SF | Retail
Retail Property - Off Market
- Building Size:
- 12,035 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 9 years left on lease
- Cap Rate:
- Year Built:
- Lot Size:
- 0.95 AC
- Listing ID
- Last Updated
- over 1 year ago
- New 10-Year Lease with Family Dollar
- Strong Store Sales - Low Rent to Sales Ratio
- Approximately 1/2 Mile from Tuxedo Court - $50 Million Redevelopment Project
- Rare Metro Birmingham Location - Redevelopment Area
- Located at Signalized Intersection less than 1/2 Mile from Interstate 20
- All Brick Construction with New Roof - Completely Renovated in 2007
We are proud to present a newly renovated, 12,035+/- square foot Family Dollar located at the signalized intersection of Avenue I and 20th Street in Birmingham, Alabama. Family Dollar is ideally situated within a heavily populated area of Birmingham with over 147,000 people within 5 miles of the property. The property is easily accessible via 20th Street Ensley which had an ADT of 20,400 in 2004 and is approximately only 1/2 mile from Interstate-20, which had an ADT of over 95,000 in 2004.
The property is located approximately 1/2 mile away from the Tuxedo Court project; a $50 million revitalization project underway in the Ensley area of Birmingham. The project will include 306 residential homes and apartments, street improvements, and building new daycare and community centers. The estimated completion date for Tuxedo Court is October 2009.
Family Dollar is signed to a 10-year NN lease that began in October 2007. The Landlord friendly lease requires Family Dollar to be responsible for common area maintenance of the property, reimbursement for property taxes and property insurance expenses, and rental increases of 10% in each option period.
The City of Birmingham, Alabama, is a municipal corporation under the laws of the State of Alabama. Birmingham is the largest city in the state with a population currently estimated at 242,820, and a metro population of 1,079,089.
Nestled at the foothills of the Appalachian Mountains at the cross-section of two major railroads, the city was once the primary industrial center of the southern United States. At the height of the nation's manufacturing age, the city grew so fast in population, it was called the "Magic City." Today, Birmingham has transformed itself into a medical research, banking and service-based economy, making it one of the nation's most livable cities with a vibrant downtown, a burgeoning loft community, a world-class culinary scene and more green space per capita than any other city in the nation!
Birmingham also boasts 99 historic neighborhoods and is often referred to as the cradle of the American Civil Rights Movement. The average (high) temperature in the city is 65°; the average low is 51°. The city is centrally located in the southeast and easily accessible to major hubs in the region.
Ranks 13 among the largest southeastern metro's.
Map of 1432 20th Street Ensley, Birmingham, AL 35218 (Jefferson County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P