Birmingham, AL - Birmingham Luxury Motors
$8,571,000
190 Vulcan Rd, Birmingham, AL 35209
7
Cap Rate
600,000
NOI
Details:
Description:
• The tenant will sign a 15-year lease at close of escrow, with 4 (5-Year) options
• The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The property is located directly across from Green Springs Shopping Center, featuring over 180,000 square feet of retail space and major tenants including Floor & Decor, Harbor Freight, Dollar Tree, and more
• The asset is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart, Sam’s Club, Hobby Lobby, Whole Foods, Aldi,
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
Location
Gallery