For Sale
$897,931

7330 1St Ave Birmingham, AL 35206

High-return retail investment opportunity.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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

FAQs

What type of property is this?
Retail property - High-return retail investment opportunity.
Where is the retail property located?
The property is located at 7330 1St Ave Birmingham, AL.
What is the asking price?
The asking price for this property is $897,931.
What are key features of this property?
This property features: 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.
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.
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7330 1St Ave
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