3931 Pinson Valley PkwyBirmingham, AL 35217

This Birmingham, Alabama retail property presents a compelling value-add investment opportunity. The 12,614 square foot shopping center sits on a 2-acre lot and includes a 3,600 square foot vacant space, offering significant upside potential. The property boasts a strong anchor tenant, Dollar General, with a long-term lease (23 years, expiring April 30, 2030, with 5.2 years remaining). Dollar General occupies 71.46% of the space and has a corporate guarantee. The current Net Operating Income (NOI) is $75,940, with a pro-forma NOI of $123,997, yielding a current cap rate of 8.25% and a pro-forma cap rate of 13.47%. The property features 72 parking spaces and is strategically located on Pinson Valley Pkwy in Jefferson County (zip code 35217), offering high visibility to over 23,000 vehicles daily. The existing lease includes four (5-year) options with 10% rent bumps in each. The property was built in 2007 and consists of three units. This location benefits from proximity to a large industrial park and a substantial population within a 10-mile radius. The asking price is $920,496. This property is ideal for an investor seeking a strong cash flow with significant upside potential through lease-up of the vacant space.