Price: $11,892,000
Cap Rate: 5.25%
Net Operating Income: $624,360
Square Footage: 51,282
Lot Size: 6.7 AC
Year Renovated: 2012
The Kase Group is pleased to present a Winn-Dixie supermarket for sale in Birmingham, Alabama. The absolute NNN lease calls for zero landlord obligations. The lease calls for five, 5 year options to renew. The property is located on a major commercial thoroughfare near major retailers including Walmart Supercenter, Starbucks, CVS, Office Depot, and more. The property is strategically placed to serve the city of Mountain Brook, which is one of the Nation’s wealthiest communities, has the highest incomes, home values, and the strongest public school system in the State of Alabama.
Birmingham is a city in the north central region of the U.S. state of Alabama. Birmingham is the seat of Jefferson County, Alabama's most populous county. As of 2020, Birmingham had a population of 200,733, making it Alabama's second-most populous city after Huntsville. The broader Birmingham metropolitan area had a 2020 population of 1,115,289, and is the largest metropolitan area in Alabama as well as the 50th-most populous in the United States. Birmingham serves as an important regional hub and is associated with the Deep South, Piedmont, and Appalachian regions of the nation.