4476 Montevallo Rd Birmingham, AL 35213

Listing agency Wertz Real Estate Investment j***@wertzrealestate.com Show Phone

Listed by John Wertz · License #CA 01448585

Source Crexi

Added: Apr 12 Updated: Jul 22 at 2:40AM Checked: Jul 22 at 2:40AM

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Investment Insights

Based on property information with market context.

This freestanding Winn-Dixie has operated since 1999. The property underwent approximately $5,000,000 in renovations in 2012, and Winn-Dixie extended its lease in 2022 for an additional 10 years. The lease is corporately guaranteed, includes five (5-year) extension options with increases in each option period, and is structured as an Absolute NNN lease with the tenant responsible for all maintenance associated with the property.

The property is located on Montevallo Rd in a dense retail corridor surrounded by many homes. Downtown Birmingham is approximately 7 miles away, and Birmingham-Shuttlesworth International Airport is approximately 4.5 miles away. The area is described as one of the more affluent in Birmingham, with an average household income of $110,400 in a 1-mile radius.

Nearby retailers include Walmart, Ross, Chick-Fil-A, Starbucks, CVS, Walgreens, McDonald’s, Taco Bell, Advance Auto Parts, Pep Boys, Firestone Auto Care, Regions Bank, Wells Fargo Bank, Ace Hardware, Chevron, Goodwill, Planet Fitness, Papa John’s, Subway, and Publix Super Market, among others.

Key Highlights

• Freestanding Winn‑Dixie operating history since 1999
• Approx. $5,000,000 in renovations completed in 2012
• Lease extended in 2022 for an additional 10 years

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FAQs

What type of property is this?

Grocery and convenience store - Freestanding Winn-Dixie with a corporately guaranteed Absolute NNN structure and tenant-responsible maintenance.

Where is this grocery and convenience store located?

The property is located at 4476 Montevallo Rd Birmingham, AL.

What are key features of this property?

This property features: Freestanding Winn‑Dixie operating history since 1999; Approx. $5,000,000 in renovations completed in 2012; Lease extended in 2022 for an additional 10 years