3076 John Hawkins Pkwy Hoover, AL 35244-1011

Property Details for 3076 John Hawkins Pkwy

Year built

1995

Lot size

1.66 lot acres

Property size

7,371 SF

Zone code

C4

Property type

Turn key restaurants

APN

39-00-13-3-000-006.000

APU

3900133000006000

Description

This exceptional investment opportunity presents a 100% leased, freestanding multi-tenant retail property in Hoover, Alabama. Located at 3076 John Hawkins Pkwy, this 12,150 square foot building sits on a 1.75-acre lot and boasts two strong national tenants: Verizon Wireless and CAVA. Built in 2023, the property benefits from scheduled rent bumps, ensuring consistent income growth. The property enjoys an extremely high-visibility location at the northwest corner of John Hawkins Parkway and US Route 31/Montgomery Highway, a major thoroughfare with 61,341 average annual daily traffic. Its prime outparcel location within a prominent shopping center, near the confluence of Interstates 459 and 65 (combined 234,626 AADT), provides excellent visibility and accessibility. The surrounding area features a robust retail presence, including Costco, Home Depot, Sam's Club, and many other national retailers, creating significant crossover shopping opportunities. The property's location within a five-mile radius of 126,882 residents, with an average annual household income of $129,672, ensures a large and reliable customer base. The property's strong tenants, prime location, and projected population and income growth within the area make this a highly attractive, "Amazon-proof" investment. The current Net Operating Income (NOI) is $342,000, resulting in a 7.03% cap rate, and the asking price is $4,864,000. This is a Net Lease (NN+) investment with a multi-tenant occupancy. The property is offered as a 1031 exchange opportunity.

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Longitude

-86.805

Latitude

33.3769

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments