2007 Avenue H Birmingham, AL 35218
- Retail properties
- 9,026 SF
- 1.20 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
Property Details for 2007 Avenue H
- Year built
- 2013
- Lot size
- 1.20 lot acres
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8941
- Latitude
- 33.5102
