721 Montgomery Hwy
Birmingham, AL 35216
Good Year · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market the sale of the Goodyear Service Station located at 721 Montgomery Hwy, Vestavia Hills, Alabama. The 6,150 square foot property is ideally located on the corner of a signalized intersection with traffic counts that exceed 43,000 vehicles per day. The property features a frontage road that provides access to its neighboring operators, McDonalds and Walgreens. Driven by a strong demographic consumer base featuring 67,000 people inside a 3-mile radius with an average household income over $100,000, this thriving retail corridor is home to numerous national retailers. The following businesses are all located within a ½ mile radius of the subject property: Publix, AT&T, Starbucks, Panera Bread, Planet Fitness, Dollar General, Stein Mart, Dollar Tree, Sally Beauty, Newk’s Eatery, AMC Dine-In Theater, Chick-Fil-A, Honey Baked Ham, Walgreens, McDonald’s, Great Clips, Pet Super Market, Firehouse Subs and many more. Also located in the immediate area: Vestavia Hills Elementary School, Vestavia Country Club and Brookwood Baptist Medical Center. Goodyear has been operating at this location for over 25 years, and in 2017 they exercised their 3rd 5-year option of which they have two remaining. Goodyear is currently paying well below market rent for the area, and it has been suggested the City of Vestavia Hills will not allow zoning for another auto service center in this market, eliminating any potential competition. With that being said, if Goodyear decided to leave than the investor would be able to realize a significant increase in rental income given their location and the market rent for this area.