1940 Veterans Memorial Dr Birmingham, AL 35214

Listing agency Marcus & Millichap - Atlanta

Listed by Tim Giambrone · License #GA 265556

Source Crexi

Added: Apr 11 Updated: Jul 21 at 11:28PM Checked: Jul 21 at 11:28PM

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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.

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

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FAQs

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