7330 1St Ave Birmingham, AL 35206
- Investment properties
- 10,754 SF
- 0.76 lot acres
Current Use by Public Records
- Redbox / Movie Rental Kiosk / Dvd Store
Property Details for 7330 1St Ave
- Year built
- 1984
- Lot size
- 0.76 lot acres
- Property size
- 10,754 SF
- Zone code
- CB2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 23-00-15-1-029-013.001
- APU
- 2300151029013001
Description
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.
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
- -86.7327
- Latitude
- 33.5582
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
