3120 26th St N - Freestanding FOR SALE


Birmingham, AL 35207- North Birmingham
$1,628,071 USD
908-309-7949
3120 26th St N, Birmingham, AL for Sale
$1,628,071 USD
Freestanding - FOR SALE
1/5
null | 8.5% Cap Rate

3120 26th St N
Birmingham, AL 35207
North Birmingham


HIGHLIGHTS

  • Corporate Guarantee | Lease Guaranteed by Family Dollar Stores, Inc.
  • Strong National Brand | 8,000+ Family Dollar Locations Nationwide
  • Established Operating History | 11+ Years of Continuous Operations at This 2015 Build-to-Suit Location
  • 10% Rental Increases Every Five Years | Five Automatic (Self-Exercising) Renewal Options Extending Through 2055
  • Passive Ownership Structure | Double-Net Lease with Landlord Responsibilities Limited to Roof & Structure
  • Signalized Hard Corner | ±390 Feet of Frontage Along 26th Street North / U.S. Highway 31

OVERVIEW

Marcus & Millichap is pleased to exclusively present for sale this net-leased Family Dollar located at 3120 26th Street North in Birmingham, Alabama, less than three miles from Downtown Birmingham. The subject property features a 9,085-square-foot freestanding building situated on a ±1.20-acre parcel at the signalized intersection of 26th Street North and 31st Alley North. The property offers ample dedicated parking, excellent visibility and access, and more than 390 feet of combined street frontage. Positioned along 26th Street North / U.S. Highway 31, a highly trafficked thoroughfare and one of North Birmingham’s primary commercial corridors, the property benefits from strong visibility, convenient access, and direct connectivity to some of the city’s densest employment and residential nodes. U.S. Highway 31 connects the North Birmingham trade area directly to Downtown Birmingham via Carraway Boulevard and the I-20/59 interchange, while Interstate 65 (Exit 266) and Finley Boulevard (SR-378) are located just minutes from the site. The surrounding corridor is supported by a dense, established residential base and limited competing discount retail, reinforcing the location’s strength as a high-frequency, needs-based destination. The property is situated within a stable and recession-resistant market supported by healthcare, higher education, banking, and advanced manufacturing. Birmingham is the economic center of Alabama’s largest metropolitan area, with a population of approximately 1.1 million. The market is anchored by the University of Alabama at Birmingham (UAB), the state’s largest single employer, with more than 28,000 employees and an annual economic impact exceeding $12 billion. The metro is further supported by Regions Financial, a Fortune 500 company headquartered in Birmingham, along with St. Vincent’s and Grandview health systems and a robust industrial and manufacturing base, generating consistent year-round employment and consumer demand. The immediate trade area features a dense, value-oriented consumer base that aligns well with the dollar-store format and its emphasis on everyday, needs-based retail. The subject property is leased on a double-net basis, with limited landlord responsibilities primarily confined to the roof and structure, and has approximately 3.6 years remaining on the current lease term through March 31, 2030. The lease features attractive 10 percent rent increases in each of the five remaining five-year renewal options. The options are automatic (self-exercising), providing the potential for continuous tenancy through March 31, 2055. Current annual rent is $138,386 and is backed by a corporate guarantee from Family Dollar Stores, Inc. The tenant has operated continuously at this location for more than 11 years since the property was originally built to suit in 2015, demonstrating an established operating history and long-term commitment to the site. Founded in 1959, Family Dollar is one of the nation’s largest small-box discount retailers, operating more than 8,000 neighborhood stores across 48 states. The company serves millions of customers each week through a broad assortment of everyday essentials, including food and beverages, household goods, health and beauty products, apparel, and seasonal merchandise, offered at value-oriented price points. The company’s focus on essential, everyday merchandise has positioned Family Dollar as an internet-resistant and recession-resilient retailer serving communities throughout the country. In July 2025, Family Dollar was acquired from Dollar Tree, Inc. by affiliates of Brigade Capital Management and Macellum Capital Management, reestablishing the brand as an independent, privately held company headquartered in Chesapeake, Virginia.

FOR SALE DETAILS

PRICE

$1,628,071 USD

PRICE/SF

$171 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

B3

APN/PARCEL ID

22-00-14-4-033-001.000

ASK ABOUT THIS PROPERTY

Ricardo EstevesMarcus & MillichapMore Info
908-309-7949

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Ricardo EstevesMarcus & MillichapMore Info
908-309-7949

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