9190 Parkway E - Freestanding FOR SALE


Birmingham, AL 35206
$855,000 USD
706-888-6651
9190 Parkway E, Birmingham, AL for Sale
$855,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

9190 Parkway E
Birmingham, AL 35206


HIGHLIGHTS

  • Free standing building with drive thru
  • Signalized intersection
  • Ample surface parking
  • Super Walmart outparcel

OVERVIEW

Fantastic opportunity to acquire a freestanding T-Mobile retail store with a NN Corporate guaranteed lease. The property is situated on a signalized corner Super Walmart outparcel with exceptional traffic counts. Originally built as a Starbucks with a drive-thru, the property has a remaining lease term of five years with two five-year extensions options with 10% rent increases. The current annual rent is $50,484. A new roof was installed in 2023, ensuring minimal maintenance costs for the new owner. The building has a total area of 1,836 square feet and is situated on a .46-acre lot with 17 parking spaces and an enclosed dumpster pad. Re-striped parking lot in 2024

FOR SALE DETAILS

PRICE

$855,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

T-Mobile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

CB2

APN/PARCEL ID

23-01-2-002-007.000-RR-00

ASK ABOUT THIS PROPERTY

Ernie Smallman, CCIMColdwell Banker Commercial Kennon, Parker, DuncanMore Info
706-888-6651

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Ernie Smallman, CCIMColdwell Banker Commercial Kennon, Parker, DuncanMore Info
706-888-6651

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.