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    FOR SALE
    Investment properties

    7330 1St Ave N, Birmingham, AL 35206

    10,754 SF 0.76 ac lot Built 1984
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US03-0256498
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a single-tenant, 9,000 square foot convenience store located at 7330 1st Ave N, Birmingham, AL 35206, in Jefferson County. The property, a one-story building, is currently 100% occupied by a Family Dollar store, a long-term tenant since 1999. The asking price is $897,931, translating to a price per square foot of $99.77. This represents a strong value proposition given the property's performance history and the recent lease renewal. The tenant recently completed a full renovation in 2023, demonstrating their commitment to the location. Importantly, the Family Dollar store has consistently exceeded its percentage rent breakpoint in four of the past five years, indicating strong sales and profitability. Further solidifying the investment's stability, the tenant recently exercised their five-year renewal option, providing long-term lease security. This property offers a compelling combination of a strong tenant, proven financial performance, and a recently renovated building, making it an ideal addition to any investment portfolio. The property's prime location in Birmingham, Alabama, adds to its overall attractiveness. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1984
    Total area 10,754 SF
    Lot 0.76 ac (33,010 SF)
    Zoning code CB2
    APN 23-00-15-1-029-013.001
    UPID US03-0256498
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Redbox Cinema (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.92M
    Comparable Approach Comparable
    $1.52M
    Blend (final) Blend
    $2.06M
    Owner & transaction history
    EASTERN DEVELOPMENT CORPORATION
    EASTERN DEVELOPMENT CORPORATION
    Zoning & alternative use
    CB2 · Birmingham, AL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.9M +204.9%
    Neighborhood: shopping center $2.9M +201.5%
    Apartment house (5+ units) $2.2M +124.9%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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