For Sale
$4,864,000

3076 John Hawkins PkwyHoover, AL 35244

Two National Tenants, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 100% leased, freestanding multi-tenant retail property in Hoover, Alabama. Located at 3076 John Hawkins Pkwy, this 12,150 square foot building sits on a 1.75-acre lot and boasts two strong national tenants: Verizon Wireless and CAVA. Built in 2023, the property benefits from scheduled rent bumps, ensuring consistent income growth. The property enjoys an extremely high-visibility location at the northwest corner of John Hawkins Parkway and US Route 31/Montgomery Highway, a major thoroughfare with 61,341 average annual daily traffic. Its prime outparcel location within a prominent shopping center, near the confluence of Interstates 459 and 65 (combined 234,626 AADT), provides excellent visibility and accessibility. The surrounding area features a robust retail presence, including Costco, Home Depot, Sam's Club, and many other national retailers, creating significant crossover shopping opportunities. The property's location within a five-mile radius of 126,882 residents, with an average annual household income of $129,672, ensures a large and reliable customer base. The property's strong tenants, prime location, and projected population and income growth within the area make this a highly attractive, "Amazon-proof" investment. The current Net Operating Income (NOI) is $342,000, resulting in a 7.03% cap rate, and the asking price is $4,864,000. This is a Net Lease (NN+) investment with a multi-tenant occupancy. The property is offered as a 1031 exchange opportunity.

Highlights

  • 100% leased, 12,150 SF multi-tenant retail building in Hoover, AL, anchored by Verizon and CAVA.
  • High-visibility corner location at John Hawkins Pkwy and US-31/Montgomery Hwy (61,341 AADT).
  • Prime outparcel location near I-459 and I-65 (combined 234,626 AADT), near Riverchase Galleria.
  • Strong surrounding retail presence including Costco, Home Depot, and Sam's Club.
  • Located in a densely populated area with 126,882 residents within a 5-mile radius and an average household income of $129,672.

Property Details for 3076 John Hawkins Pkwy

Property type
Retail properties, Retail space
Square Feet
12,150 SF
Year Built
2023
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Hoover
County
Jefferson
State
Alabama
Latitude
33.3767549
Longitude
-86.8052062
3076 John Hawkins Pkwy, Hoover, Alabama

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3076 John Hawkins Pkwy
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