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Cahaba Market 5413 US 280 13,183 SF 100% Leased Retail Building Hoover, AL 35242 $8,376,000 ($635.36/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Dunkin' and Five Guys Anchored Retail Shops Building - Both with Drive-Thru's
- Recent 2021 Construction
- High Traffic Location Along US-280 (57,462 ADT) - Main Arterial Leading to Birmingham
- 15-Year Lease Terms for Both End Cap Food Users - WALT Remaining of 8.9 Years
- Prominent Location near Walmart Supercenter, ALDI, Trader Joe's & Target
- Daytime Population of 690,427 within 15 Miles
EXECUTIVE SUMMARY
Fully leased 6-tenant retail asset anchored by Dunkin' and corporate Five Guys, both on 15-year leases with drive-thru components. Constructed in 2021, the property sits at the signalized entrance to the 78-acre Tattersall Park development along U.S. 280 in Hoover—one of the top-performing retail corridors in Alabama. Surrounded by national retailers including Walmart, Publix, ALDI, and Target, the site features a strong tenant mix and a weighted average lease term of 8.9 years. Investors benefit from built-in rent growth, internet-resistant tenancy, and excellent demographics in the Birmingham MSA.
This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.
This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,183 SF
Building Class
B
Year Built
2021
Price
$8,376,000
Price Per SF
$635.36
Cap Rate
6.35%
NOI
$531,874
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.53 AC
Parking
58 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Signage
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-9-32-0-002-005-063 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $617,920 |
PROPERTY TAXES
Parcel Number
03-9-32-0-002-005-063
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$617,920
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Cahaba Market | 5413 US 280
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