Overview

Description

• Opportunity to acquire Studio Arts Building, a three-tenant offering in Birmingham, AL
• Eggholic and The Social both operate under a NNN lease structure, while Gallery Smoke operates on a gross lease; this presents a future investor with a value add opportunity by converting the gross lease to NNN

• The asset is located at the signalized intersection of 11th Ave S and 20th St S averaging 23,600 VPD
• The dense retail corridor features a handful of retailers such as Chick-fil-A, UPS, as well as various local tenants, promoting crossover store exposure to the site
• The surrounding hotels in the immediate trade area include Homewood Suites, Residence Inn, Hilton Birmingham, Springhill Suites, and more, providing an additional consumer base
• Ideally positioned next to The University of Alabama at Birmingham (22,500-students), providing a direct consumer base from which to draw
• Just off US-280 Expressway with 75,000 VPD
• More than 172,000 residents and 230,000 employees support the trade area
• $103,062 average household income
• Located within a new business inprovement district (BID), which includes expansion of the downton CAP “clean & safe” program

---