3664 Galleria Cir Hoover, AL 35244-2346
- Retail space
- 4,941 SF
- 0.64 lot acres
Current Use by Public Records
- Retail space
Property Details for 3664 Galleria Cir
- Year built
- 2017
- Lot size
- 0.64 lot acres
- Property size
- 4,941 SF
- Zone code
- PC
- Property type
- Retail space
- APN
- 39-00-13-3-000-005.026
- APU
- 3900133000005026
Description
This exceptional investment opportunity presents a 5,000 square foot Men's Wearhouse storefront in Hoover, Alabama's affluent Riverchase Galleria. Located at 3664 Galleria Cir, 35244, this single-tenant, net-lease property boasts a 6% cap rate and a strong NOI of $165,000. The lease, with a credit-rated tenant, has over 3.2 years remaining, extending to January 31, 2028, and includes four, 5-year options with a 10% rent increase every five years. Built in 2016 on a 0.35-acre lot, this property benefits from its prime location within a high-traffic retail center, near major roadways (I-459 and Montgomery Highway, combined 170,250 vehicles per day), and surrounded by other national retailers such as Sam's Club, Costco, and more. The property is situated in a high-income area, with average household incomes exceeding $119,000 within a 5-mile radius. This Men's Wearhouse location is ranked in the top 7% nationwide, demonstrating its exceptional performance and strong residual value. The property offers a compelling combination of a secure, long-term lease, significant rental growth potential, and a prime location within a thriving retail environment. This is a rare opportunity to acquire a top-performing retail asset with significant upside potential.
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
- Hoover
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8112
- Latitude
- 33.3774
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
