5413 US 280 - Freestanding FOR SALE


Hoover, AL 35242
$8,376,000 USD
510-289-1166
5413 US 280, Hoover, AL for Sale
$8,376,000 USD
Freestanding - FOR SALE
1/3
null | 6.35% Cap Rate

5413 US 280
Hoover, AL 35242


HIGHLIGHTS

  • Fully Leased Dunkin' and Five Guys Anchored Retail Shops Building - Both with Drive-Thru's
  • 15-Year Lease Terms for Both End Cap Food Users - WALT Remaining of 8.9 Years
  • Recent 2021 Construction
  • Prominent Location near Walmart Supercenter, ALDI, Trader Joe's & Target
  • High Traffic Location Along US-280 (57,462 ADT) - Main Arterial Leading to Birmingham
  • Daytime Population of 690,427 within 15 Miles

OVERVIEW

Fully leased 6-tenant retail asset anchored by Dunkin' and corporate Five Guys, both on 15-year leases with drive-thru components. Constructed in 2021, the property sits at the signalized entrance to the 78-acre Tattersall Park development along U.S. 280 in Hoover—one of the top-performing retail corridors in Alabama. Surrounded by national retailers including Walmart, Publix, ALDI, and Target, the site features a strong tenant mix and a weighted average lease term of 8.9 years. Investors benefit from built-in rent growth, internet-resistant tenancy, and excellent demographics in the Birmingham MSA. This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.

FOR SALE DETAILS

PRICE

$8,376,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cahaba Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

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 Notice.