Investment Summary
Price | $2,890,000 |
Cap Rate | |
NOI | |
Lease Term | Various |
Lease Type | Net, With Tenant Responsible For All Taxes, Insurance, and Maintenance, Excluding Roof, Structure, and Parking Lot |
Rental Increases | Various |
Year Built | 2021 |
Building Size | 5,050 SF |
Lot Size | 0.73 Acres (31,799 SF) |
Status | Sold |
Lead Brokers | Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Jack Hinson Brokerage 704.572.9921 jack.hinson@cushwake.com CA RE License #02059267 |
Investment Highlights
100% NET LEASED TWO-TENANT ASSET
» Net leases to two national tenants
» Heartland Dental is the nation’s largest dental support organization
» Heartland Dental supports 1,400 dentists across 37 states
» Live Mobile is a national AT&T authorized retailer and has over 100 retail locations in 10 states
» AT&T is ranked 11th on the Fortune 500 rankings
» 2021 construction to latest tenant prototypes
HIGH-VISIBILITY LOCATION IN DENSE RETAIL CORRIDOR
» Strategic location on Helena Road and Highway 17 with visibility and access 34,737 vehicles per day at the signalized intersection
» Convenient interparcel access on Steber Street
» Beneficial proximity to Interstate 65 (94,121 AADT) and Highway 119 (29,557 AADT)
» Located within the Helena Marketplace next to Chick-fil-A, increasing traffic and visibility in the area
» Shadow-anchored by Walmart Neighborhood Market and near Publix Super Market
» Surrounded by a strong mix of local and national tenants including CVS, Walgreens, Regions Bank, O’Reilly Auto Parts, McDonald’s, Taco Bell, Pizza Hut, and many more
CENTRAL LOCATION NEAR LARGE EMPLOYERS, SCHOOLS, AND COMMUNITY HUBS
» Close to several large schools, including Helena Elementary (873 students), Middle (1,048 students), and High School (1,348 students)
» Minutes from Shelby Baptist Medical Center (252-beds, 1,100 employees)
» Five miles from the University of Montevallo (160-acre campus, 2,625+ annual student enrollment)
GROWING SUBMARKET LOCATION WITH STRONG CUSTOMER BASE
» Prominent location in one of Birmingham’s fastest-growing submarkets
» 79,262 residents live within a five-mile radius
» Average annual household income of $99,953 within five miles and projected to increase 11 percent by 2026
» 21 miles from Birmingham, the second-largest city in Alabama (population of 200,733)
Property Description
SOLD
The property is strategically located on Helena Road and Highway 17 with visibility and access to 34,737 vehicles per day at the signalized intersection. Additionally, the property has a convenient interparcel access point on Steber Street. The site maintains beneficial proximity to Alabama thoroughfares, Interstate 65 (94,121 AADT) and Highway 119 (29,557 AADT). The property is located within the Helena Marketplace next to Chick-fil-A, increasing traffic in the area. Additionally, the property is shadow-anchored by a Walmart Neighborhood Market and near a Publix Super Market. The site is surrounded by a strong mix of local and national tenants including, CVS Pharmacy, Walgreens, Regions Bank, O’Reilly Auto Parts, McDonald’s, Taco Bell, Pizza Hut, and many more.
The location is 21 miles from Birmingham, the second-largest city in Alabama (population of 200,733) and, 26 miles from Birmingham-Shuttlesworth International Airport. The property is in a prominent location in one of Birmingham’s fastest-growing submarkets. The site is located near large employers, schools, and community hubs. The property is close to several schools, including Helena Elementary (873 students), Middle (1,048 students), and High School (1,348 students). The University of Montevallo (160-acre campus, 2,625+ student enrollment) is located just five miles from the site. The property is also minutes from Shelby Baptist Medical Center (252-beds, 1,100 employees). The site is located near residential neighborhoods and is primed to benefit from future growth in the Birmingham-Hoover metro area, the most diversified economy of any metropolitan area in Alabama. A total of 79,262 residents with an average annual household income of $99,953 live within five miles. The average annual household income is projected to increase 11 percent by 2026.