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7501 - 7561 Crestwood Boulevard - Village East - Village East Shopping Center, Birmingham, AL

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7501 - 7561 Crestwood Boulevard - Village East - Village East Shopping Center

Birmingham, AL 35210 - Midtown Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 1986 Year Built:1971
Building Size:229,459 SF Land Area:26 AC (1,132,560 SF)
For Sale Price:$6,100,000 Price/SF:$26.58
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 5.2/1,000 SF Anchor Tenants:Citi Trends
Features:Dedicated Turn Lane, Pylon Sign, Signalized Intersection, Center Mixed Use


Description
The property consists of 2 buildings totaling 228,170 SF located on 26 acres of track. Major tenants include T.J. Maxx, Aaron's Rental, Citi Trends, and It's Fashion Metro.
The property is in a convenient and heavy traffic location facing two major highways, Crestwood Blvd. and Opporto Madrid Blvd with quite access to I-20.

Sale Notes:
As exclusive broker, Cushman & Wakefield' s Retail Investment Advisors is pleased to present for sale Village East, a 227,189 square foot community shopping center located in Birmingham, Alabama. Highlighted by a new lease with Roses Express, 59% of the occupied space is leased to national and regional tenants including Aaron Rents, Citi Trends, Cato and Golden Beauty Supply. At 61% occupied, Village East offers investors significant value-add opportunity via the lease-up of more than 87,900 SF of available suites. Moreover, with a number of recently completed physical improvements, investors will have minimal capital exposure in the near-term. Offered well-below replacement cost, Village East represents the unique opportunity to acquire a critical mass of value-add retail in the densely populated Birmingham MSA.

Cushman & Wakefield
Fain Hicks
(404) 682-3387

  
Cushman & Wakefield of Georgia, Inc.
Drew Fleming
(404) 875-1000

Mark Joines
(404) 875-1000




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