Shopping Community

Roses | Dirt Cheap Shopping Center

1940 Veterans Memorial Dr, Birmingham, AL 35214

Listing Price: $1,650,000

Cap Rate
10.05%
Gross SF
45,700
Rentable SF
45,700
Price/Gross SF
$36.11
Lot Size
4.62 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to present a 45,700 SF center situated on 4.62 Acres of land. The center is occupied by Roses and Dirt Cheap, both of which are regional tenants. Roses has over 380 locations and Dirt Cheap has over 100.
The subject property is located at 1940 Veterans Memorial Highway, Jefferson County, Birmingham, Alabama. The five-mile population is over 50,000 with an average daily traffic count of over 28,000. The subject property is an extension of a larger shopping center containing Goodys, Dollar Tree, Ollies Bargain Outlet, Anytime Fitness, and Hibbett Sports.
Rents at the subject center are well below market. The average rent at the center is $4.70/SF in a market with rents averaging over $13/SF.
National retailers in the area include Walmart, Wells Fargo, Sonic, Dollar General, Papa Johns, BP, Family Dollar, BB&T, Shell, Walgreens, Dominos Pizza, Oreilly Auto Parts, and more.

Investment Highlights

  • 45,700 SF Shopping Center
  • 100% Leased to Regional Tenants
  • Rents Well Below Market ($4.70/SF vs. $13.30/SF)
  • 50,000+ 5-Mi Population
  • Signaled Intersection
  • 28,000+ Cars/Day

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Shopping Community

Roses | Dirt Cheap Shopping Center

Listing Price: $1,650,000

Cap Rate
10.05%
Gross SF
45,700
Rentable SF
45,700
Price/Gross SF
$36.11
Lot Size
4.62 acres
Year Built
1988

Investment Highlights

  • 45,700 SF Shopping Center
  • 100% Leased to Regional Tenants
  • Rents Well Below Market ($4.70/SF vs. $13.30/SF)
  • 50,000+ 5-Mi Population
  • Signaled Intersection
  • 28,000+ Cars/Day

Investment Overview

Marcus & Millichap is pleased to present a 45,700 SF center situated on 4.62 Acres of land. The center is occupied by Roses and Dirt Cheap, both of which are regional tenants. Roses has over 380 locations and Dirt Cheap has over 100.
The subject property is located at 1940 Veterans Memorial Highway, Jefferson County, Birmingham, Alabama. The five-mile population is over 50,000 with an average daily traffic count of over 28,000. The subject property is an extension of a larger shopping center containing Goodys, Dollar Tree, Ollies Bargain Outlet, Anytime Fitness, and Hibbett Sports.
Rents at the subject center are well below market. The average rent at the center is $4.70/SF in a market with rents averaging over $13/SF.
National retailers in the area include Walmart, Wells Fargo, Sonic, Dollar General, Papa Johns, BP, Family Dollar, BB&T, Shell, Walgreens, Dominos Pizza, Oreilly Auto Parts, and more.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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