Single-Tenant Retail Space For
3851 Chapel Lane Hoover, AL 35244
3851 Chapel Lane, Hoover, AL, 35244
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For Sale
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Retail space with long-term lease and rental escalations.
Property Size50,302 SF
Price / SF$202.64
Days on Market57
Property Features for 3851 Chapel Lane
General Information
- Standard status
- Active
- Size
- 50,302 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing Agency
JLL - Irvine (Orange County), California
Listed by
Jeffrey Cicurel · License #SL3541410
Source
Crexi
Added: May 21 Checked: Jul 15 at 2:11 pm
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 JLL - Irvine (Orange County), California
Investment Insights
Based on property information with market context.
The property is a single-tenant retail space located at 3851 Chapel Lane in Hoover, Alabama. The tenant, Going, Going, Gone!, is a corporate lease operated by Dick’s Sporting Goods. The lease is a NN lease with approximately 4.7 years of primary lease term remaining. The lease includes four, five-year options and contractual $0.50/SF rent escalations every 5 years. The property size is 50302 square feet.
Key Highlights
- Corporate lease operated by Dick's Sporting Goods.
- NN lease structure.
- Approximately 4.7 years of primary lease term remaining.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.04M | $20.76 |
| − Vacancy | −$40.7k | −$0.81 |
| EGI | $1.00M | $19.95 |
| − OpEx | −$301.1k | −$5.99 |
| NOI | $702.5k | $13.97 |
50,302 SF · lease $20.76/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$10.04M
$8.78M – $11.71M
NOI $702,480 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.30M
$15.14M – $20.19M
NOI $1,211,343 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space with long-term lease and rental escalations.
Where is this retail space located?
The property is located at 3851 Chapel Lane Hoover, AL.
What is the asking price?
The asking price for this property is $10,193,000.
What are key features of this property?
This property features: Corporate lease operated by Dick's Sporting Goods.; NN lease structure.; Approximately 4.7 years of primary lease term remaining.
