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Shops of Trussville, Trussville, AL

Shops of Trussville

AL, United States

Price $5,822,000
Cap Rate
NOI
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2017
Building Size 9,000 SF
Lot Size 1.16 Acres (50,530 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Alabama-licensed real estate broker Commercial Realty, LLC.

Investment Highlights

NEWLY CONSTRUCTED, 100% LEASED MULTI-TENANT RETAIL CENTER
» Exceptional national tenants with corporate leases – Chipotle (NYSE: “CMG”), The Vitamin Shoppe (NYSE: “VSI”), Wells Fargo (NYSE: “WFC”), and Mattress Firm
» Scheduled rental increases, providing a hedge against inflation
» NNN leases require minimal landlord management, ideal for an out-of-area investor
» Multi-tenant retail center allows for investment diversification
» High-quality, 2017 construction, limiting near term deferred maintenance or capital costs

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located at signalized intersection, with excellent visibility to 54,502 vehicles per day
» Immediate access to Interstate 459 (50,560 AADT) and Interstate 59 (61,880 AADT), two of the major highways in the Birmingham region
» Surrounded by major national retailers, including Super Target, Lowe’s, Home Depot, JCPenney, Belk, and many others

CENTRAL LOCATION IN BIRMINGHAM MSA
» Close proximity to downtown Birmingham and the University of Alabama at Birmingham, the region’s largest employer and the second largest employer in Alabama
» Minutes from Birmingham–Shuttlesworth International Airport, the largest and busiest airport in Alabama
» Trussville is one of the fastest growing regions in Greater Birmingham, and has been named one of the best places to live in the U.S.
» Greater Birmingham is the largest population region in Alabama, with over ¼ of the state’s population
» The Birmingham region is the largest economy in Alabama, making up over 30% of the state’s total GDP
» Located in an affluent community – Trussville’s 2014 median family income was $94,875

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is strategically located at the signalized intersection of Gadsden Highway and Edwards Lake Road, with excellent visibility to 54,502 vehicles per day. The property is located directly off of the interchange of Interstate 459 (50,560 AADT) and Interstate 59 (61,880 AADT), with immediate access to both freeways. Located in a dense commercial corridor, the property is surrounded by large shopping centers and major national retailers. Promenade at Tutweiler Farm and Pinnacle at Tutweiler Farm are both located just over half a mile from the property. The two shopping centers feature nearly one million square feet of combined retail space and are anchored by notable tenants, including Super Target, Home Depot, Belk, Bed Bath & Beyond, Best Buy, JCPenney, and others. Other prominent retailers near the property include Lowe’s, Staples, McDonald’s, Starbucks, Verizon, Plato’s Closet, Red Wing, and Sprint.

The property benefits from its prime location near Birmingham. Downtown Birmingham is located approximately ten miles from the property, as is the University of Alabama at Birmingham, the area’s largest employer and the second largest employer in Alabama. The 362-bed St. Vincent’s East hospital is just over a mile from the property. Additionally, Birmingham–Shuttlesworth International Airport, the largest and busiest airport in Alabama, is a few minutes’ drive from the property.

Contact Us About This Property

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