Property profile

3664 Galleria Cir Hoover, AL 35244

OFF-MARKET
Retail space
Property ID
US03-0966751
4,941 SF 0.64 ac lot Built 2017
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Total area 4,941 SF
Lot 0.64 ac (27,982 SF)
Zoning code PC
APN 39-00-13-3-000-005.026
UPID US03-0966751

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3664 Galleria Cir Hoover, AL 35244-2346
Hoover metro Census 14408 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$820k
Blend (final) Blend
$325k

Owner & transaction history

Zoning & alternative use

PC · Hoover, AL
Zoning description

land to be zoned PUD shall be in one of the following minimum sizes based upon the proposed use of such tract: A. Five acres, when utilizing a mixed use "village center" design concept comprised of PO Planned Office, PC…

General category COMMERCIAL
Top alternative use upside
Office building $825,000 +73.5%
Medical building $785,000 +65.8%
Auto repair, garage $700,000 +47.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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