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Shopping Regional

Heritage Towne Centre

873 Dennison Ave SW, Birmingham, AL 35211

Listing Price: $6,956,000

Cap Rate
7.25%
Gross SF
85,344
Rentable SF
85,344
Price/Gross SF
$81.51
Lot Size
11.80 acres
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to present for sale this multi-tenant grocery–anchored shopping center located at 873 Dennison Ave SW Birmingham, AL. The property consists of an 11.8-acre parcel improved with an approximately 85,344-square foot building. Approximately 68% of the property is leased with 32% vacant. McDonald’s, not included in the parcel, is situated on the corner of the property at one of the signalized intersections. The property is strategically located between two signalized intersections. This area experiences daily traffic counts of approximately 42,540 combined vehicles per day which includes Dennison Ave SW and Martin Luther King Jr. Dr. This regional shopping center includes tenants such as Save A Lot, Cadence Bank, H&R Block, as well as local tenants such as a wireless store, Tasty Wings, Laundromat, and Hair, Nail, and Beauty Supply. Household population exceeds 83,000 within a 3-mile radius of the property.

Investment Highlights

  • Regional, Grocery-Anchored Shopping Center
  • Birmingham, AL
  • Dual Signalized Corners
  • Outparcel Development Potential

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Regional

Heritage Towne Centre

Listing Price: $6,956,000

Cap Rate
7.25%
Gross SF
85,344
Rentable SF
85,344
Price/Gross SF
$81.51
Lot Size
11.80 acres
Year Built
1991

Investment Highlights

  • Regional, Grocery-Anchored Shopping Center
  • Birmingham, AL
  • Dual Signalized Corners
  • Outparcel Development Potential

Investment Overview

Marcus & Millichap is pleased to present for sale this multi-tenant grocery–anchored shopping center located at 873 Dennison Ave SW Birmingham, AL. The property consists of an 11.8-acre parcel improved with an approximately 85,344-square foot building. Approximately 68% of the property is leased with 32% vacant. McDonald’s, not included in the parcel, is situated on the corner of the property at one of the signalized intersections. The property is strategically located between two signalized intersections. This area experiences daily traffic counts of approximately 42,540 combined vehicles per day which includes Dennison Ave SW and Martin Luther King Jr. Dr. This regional shopping center includes tenants such as Save A Lot, Cadence Bank, H&R Block, as well as local tenants such as a wireless store, Tasty Wings, Laundromat, and Hair, Nail, and Beauty Supply. Household population exceeds 83,000 within a 3-mile radius of the property.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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