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.