Anchored Retail Center
For Sale
Contact for pricing
1940 Veterans Memorial Dr, Birmingham, AL 35214
Retail center on 4.62 acres with two regional tenants, Roses and Dirt Cheap, positioned as an extension of a larger shopping center.
Property Size45,700 SF
Lot Size4.62 Acres
Days on Market121
Property Features for 1940 Veterans Memorial Dr
General Information
Standard status
Active
Size
45,700 SF
Lot size
4.62 Acres
Property subtype
Retail
Additional Details
Traffic Count
28,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Tim Giambrone · License #GA 265556
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 11:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
A 45,700 SF retail center on 4.62 acres is offered for sale with current occupancy by Roses (Variety Wholesalers) and Dirt Cheap, both identified as regional tenants. Roses operates more than 380 locations, while Dirt Cheap operates more than 100 locations. The property is described as an extension of a larger 115,593 SF shopping center, which is reported to be 81% occupied and includes tenants such as Goody’s, Dollar Tree, Ollie’s Bargain Outlet, Anytime Fitness, and Hibbett Sports.
The subject property is located at 1940 Veterans Memorial Highway in Jefferson County, Birmingham, Alabama. The five-mile population is reported to be over 50,000, and average daily traffic is reported to be over 28,000.
Rents at the subject center are described as well below market, with an average rent reported at $4.70/SF compared to a market average of over $7/SF for similar size suites.
The subject property is located at 1940 Veterans Memorial Highway in Jefferson County, Birmingham, Alabama. The five-mile population is reported to be over 50,000, and average daily traffic is reported to be over 28,000.
Rents at the subject center are described as well below market, with an average rent reported at $4.70/SF compared to a market average of over $7/SF for similar size suites.
Key Highlights
- 45,700 SF retail center on 4.62 acres at 1940 Veteran’s Memorial Highway, Jefferson County, Birmingham, AL
- Currently occupied by Roses (Variety Wholesalers) and Dirt Cheap; both are regional tenants
- Roses has over 380 locations and Dirt Cheap has over 100 locations
Property Analytics
Current Use
Lease Details
28,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Home Improvements & Furnishings 7%
Ollie's Bargain Outlet
Shops & Services
16,289 visits/mo
0.2 miles
Dollar Tree
Shops & Services
9,189 visits/mo
0.2 miles
American Freight Furniture Mattress Appliance
Home Improvements & Furnishings
1,945 visits/mo
0.2 miles
Precision Tune Auto Care
Shops & Services
498 visits/mo
0.2 miles
Demographics for 35214, AL
18,287
Population
8,048
Households
2.3
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
24.8 sq mi
ZIP Area
737
Density / Sq Mi
$55,478
Median Household Income
$34,146
Median Earnings
$987
Median Rent
$149,600
Median Home Value
Market
Vacancy Rate% for Retail in Birmingham, AL
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center on 4.62 acres with two regional tenants, Roses and Dirt Cheap, positioned as an extension of a larger shopping center.
Where is this shopping center located?
The property is located at 1940 Veterans Memorial Dr Birmingham, AL.
What are key features of this property?
This property features: 45,700 SF retail center on 4.62 acres at 1940 Veteran’s Memorial Highway, Jefferson County, Birmingham, AL; Currently occupied by Roses (Variety Wholesalers) and Dirt Cheap; both are regional tenants; Roses has over 380 locations and Dirt Cheap has over 100 locations
