11059 S HWY 119 - Freestanding FOR SALE


Alabaster, AL 35007
$950,000 USD
205-243-3434
11059 S HWY 119, Alabaster, AL for Sale
$950,000 USD
Freestanding - FOR SALE
1/9
null | 8.25% Cap Rate

11059 S HWY 119
Alabaster, AL 35007


HIGHLIGHTS

  • See Flyer

OVERVIEW

See Flyer for details and / or contact Mark Dinan at 205-243-3434 (Call or Text) 7,000 +,- sf building on .62 +,- acres. Quality brick block construction built in 1998. 4 of 5 AC units replaced 2024. 374’ of road frontage on Montevallo Road/119. 22 Parking Spaces High visibility and exposure. Easy egress and ingress on Hwy 119 and 1st Street. Fantastic accessibility at the gateway to Alabaster that leads to Montevallo, Calera, Helena and other rapidly growing cities of Shelby County. Less than 1 mile from I-65, Exit 238, just off 119. Zoned B-2 General Business, City of Alabaster Alabaster Best Places to Live by Money and Fortune. Remarkable 60% growth in the last 10 years. One of the fastest growing cities in Alabama. Strong Demographics with high income households. Over 345,000 residents located within 5 miles. 26,000 CPD on Hwy 119 / 40,000 CPD on Hwy 31. Purchase Price: $950,000.00 Cap rate: 8.25% Lease Type: Modified Net Estimated 2025 NOI : $78,397 Ownership: Fee Simple Lease Expirations: Rent-A Center-12/31/2027 Natural Hair Care-11/30/2026 Renewal Options: Rent-A Center Option 1 (5 Year) $5,600/mo Option 2 (5 Year) $6,000/mo Natural Hair Care Option 1 (3 Year) $1,500/mo Credit: Rent-A-Center is $1.57 billion company owned by Upbound. History: Rent-A-Center recently renewed lease for 5 years showing its commitment to this location since 1993. Spent over $50,000 on remodel in 2024. Repairs: 4 New HVAC Units installed in 2024. Trade Area: $242 million District 31 and $40 million Alabaster recreation complex are under construction within 1 mile.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCED-MUST SELL!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

B-2 General Business

APN/PARCEL ID

23-1-02-1-002-023-000

ASK ABOUT THIS PROPERTY

Mark DinanMark Dinan Commercial & Investment Real EstateMore Info
205-243-3434

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Mark DinanMark Dinan Commercial & Investment Real EstateMore Info
205-243-3434

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.