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Huffman Plaza 9448 Parkway E 13,284 SF 100% Leased Retail Building Birmingham, AL 35215 $825,000 ($62.10/SF) 10.55% Cap Rate
EXECUTIVE SUMMARY
13,284 SF Retail Center on 1.21 acres
The retail center houses Aculco Tires & Auto Care, Queen Nails, and two vacant 2,000 SF spaces
The landlord is responsible for maintaining the roof and structure
Tenants pay for their separately metered utilities (electricity, gas, and water)
The landlord covers the cost of common outdoor lighting
Property taxes are under protest with Jefferson County
50 paved and lighted parkway spaces
Conveniently located on Parkway East, less than half a mile from I-59 access
NOI AND CAP RATE ARE PROFORMA NUMBERS AND PRECENTAGE
The retail center houses Aculco Tires & Auto Care, Queen Nails, and two vacant 2,000 SF spaces
The landlord is responsible for maintaining the roof and structure
Tenants pay for their separately metered utilities (electricity, gas, and water)
The landlord covers the cost of common outdoor lighting
Property taxes are under protest with Jefferson County
50 paved and lighted parkway spaces
Conveniently located on Parkway East, less than half a mile from I-59 access
NOI AND CAP RATE ARE PROFORMA NUMBERS AND PRECENTAGE
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,284 SF
Building Class
C
Year Built
1967
Price
$825,000
Price Per SF
$62.10
Cap Rate
10.55%
NOI
$87,012
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
1.21 AC
Zoning
CB2 - CB2 zoning, often referred to as Community Business 2, typically aims to foster a concentrated, pedestrian-friendly mix of retail, restaurants.
Parking
25 Spaces (1.88 Spaces per 1,000 SF Leased)
Frontage
325’ on Parkway E
AMENITIES
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00-36-4-003-052.701 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $72,500 |
PROPERTY TAXES
Parcel Number
13-00-36-4-003-052.701
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$72,500
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Huffman Plaza | 9448 Parkway E
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