5413 US 280 - Freestanding FOR SALE


Hoover, AL 35242
$7,960,000 USD
510-289-1166
5413 US 280, Hoover, AL for Sale
$7,960,000 USD
Freestanding - FOR SALE
1/4
null | 6.75% Cap Rate

5413 US 280
Hoover, AL 35242


HIGHLIGHTS

  • Fully Leased Dunkin' and Five Guys Anchored Retail Shops Building
  • 100% of Rent Roll with 10+ Year Lease Terms & Scheduled Rental Escalations
  • 15 Year Lease Terms for End Cap Food Users - Dunkin' & Five Guys - Both with Drive-Thrus
  • Prominent Retail Location along US-280 Corridor - Main Arterial Leading to Birmingham (57,463 AADT)
  • Average Household Income of $158,010 within a 5-Mile Radius
  • Total Daytime Population of 690,427 within 15 Miles

OVERVIEW

The subject property is prominently located with excellent access and visibility along U.S. 280 (57,463 AADT) adjacent to its junction with Highway 119. The site benefits from robust demographics with a total daytime population of 77,004 and average household income of $130,201 within a 5 mile radius. More than 65% of the population within 5 miles of the site has earned a bachelor’s degree or higher, more than double the national average. The property is strategically situated within a premier retail node in close proximity to notable retail tenants, employers, and schools. The property sits directly adjacent to the newly opened Publix shopping center, which is part of the new 78-acre mixed-use development called Tattersall Park. The 78-acre development will feature retail, restaurants, medical facilities, and residential. Major retail centers nearby include The Village at Lee Branch, anchored by Publix, Dick’s Sporting Goods, Hobby Lobby, and AMC Theaters; Brook Highland Plaza, featuring Lowe’s, Dollar Tree, Petco, Michael’s, Best Buy, and HomeGoods; Inverness Plaza, anchored by CVS and Planet Fitness; Inverness Corners, anchored by Kohl’s; Inverness Village, featuring Walgreens & The Fresh Market; River Ridge Shopping Center, anchored by Target, Nordstrom Rack, & Staples; and Shoppes of Collenade, anchored by Cracker Barrel. Other major retail tenants in the surrounding area include Walmart Supercenter, ALDI, CVS, Trader Joe’s, and more. This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.

FOR SALE DETAILS

PRICE

$7,960,000 USD

PRICE/SF

$604 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cahaba Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

CROSS STREETS

Hugh Daniel Drive

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

-

APN/PARCEL ID

03-9-32-0-002-005-063

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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