For Sale
$897,931

7330 1St AveBirmingham, AL 35206

High-return retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a single-tenant, 9,000 square foot convenience store located at 7330 1st Ave N, Birmingham, AL 35206, in Jefferson County. The property, a one-story building, is currently 100% occupied by a Family Dollar store, a long-term tenant since 1999. The asking price is $897,931, translating to a price per square foot of $99.77. This represents a strong value proposition given the property's performance history and the recent lease renewal. The tenant recently completed a full renovation in 2023, demonstrating their commitment to the location. Importantly, the Family Dollar store has consistently exceeded its percentage rent breakpoint in four of the past five years, indicating strong sales and profitability. Further solidifying the investment's stability, the tenant recently exercised their five-year renewal option, providing long-term lease security. This property offers a compelling combination of a strong tenant, proven financial performance, and a recently renovated building, making it an ideal addition to any investment portfolio. The property's prime location in Birmingham, Alabama, adds to its overall attractiveness. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

Highlights

  • Family Dollar has occupied this location since 1999.
  • Tenant completed a store renovation in 2023.
  • Annual sales have surpassed the percentage rent threshold in four of the past five years.
  • Tenant recently exercised a five-year renewal option.

Property Details for 7330 1St Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,000 SF
Buildings
1
Stories
1

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.5581474
Longitude
-86.7327967
7330 1St Ave, Birmingham, Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7330 1St Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message