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    2007 Avenue H Birmingham, AL 35218

    Sponsored
    For Sale
    $1,395,000

    High-return Dollar General NNN lease

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple, absolute NNN leased Dollar General store in Birmingham, Alabama. The property boasts a strong 7.35% cap rate and a substantial NOI of $102,504, supported by a credit-rated tenant with an investment-grade rating (S&P: BBB). The 9,026 square foot building, constructed in 2013, sits on a 1.2-acre lot and enjoys 100% occupancy. The current lease, with a remaining term of approximately 3.2 years, includes four, five-year options with a 10% rent increase at the beginning of each option period. This strategically located property benefits from high visibility and proximity to major thoroughfares, including I-20, and is less than a mile from the Birmingham CrossPlex, a significant draw attracting over 550,000 annual visitors. Furthermore, its location near several colleges and high schools, totaling over 4,500 students, ensures a consistent customer base. Dollar General's aggressive expansion plans and the recent struggles of a competitor further enhance the long-term value and stability of this investment. This is a rare opportunity to acquire a passively managed, high-performing asset with a strong tenant and significant growth potential. The property is located at 2007 Ave H, Birmingham, AL 35218.

    Property Features for 2007 Avenue H

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    HighLights

    • Absolute NNN lease with Dollar General; approximately 3.2 years remaining.
    • High‑traffic location near Birmingham CrossPlex, attracting over 550,000 annual visitors.
    • Proximity to numerous colleges and high schools, totaling over 4,500 students.
    • Investment‑grade tenant (Dollar General, S&P: BBB).
    • Dollar General's expansion plans include 2,385 real estate projects in FY2024, benefiting from competitor store closures.
    • 7.35% cap rate, $102,504 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.894115524672
    Latitude
    33.510192990977

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    FAQs

    What type of property is this?
    Individual retail property - High-return Dollar General NNN lease
    Where is this individual retail property located?
    The property is located at 2007 Avenue H Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Absolute NNN lease with Dollar General; approximately 3.2 years remaining.; High-traffic location near Birmingham CrossPlex, attracting over 550,000 annual visitors.; Proximity to numerous colleges and high schools, totaling over 4,500 students.
    Request Owner's contact information
    2007 Avenue H Birmingham, AL 35218
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    Birmingham, AL 35218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2007 Avenue H Birmingham, AL 35218
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