Investment Highlights • Brand new construction completed November 2014 • 20 year NNN corporate lease that commenced in November 2014 with 7% rent bumps every 5 years • Signalized corner location just off I-59 with close proximity to the international airport and downtown district • Well positioned within trade area at a high profile intersection adjacent to Walmart • Over 50,000 cars per day in front of property • Over 104,000 residents in a 5 mile radius of property Birmingham AL - 2,794 SF $2,785,000 • 5.50 % Cap Rate Jack Jamison, Broker-In-Charge 550 S. Main Street, Suite 300 • Greenville, SC 29601 864.263.5414 o • 864.232.0160 f • www.REALTYLINKDEV.com For investment information: J. Tyson Glasser, CCIM • Investment Sales Advisor [email protected] • 864.263.5427 o • 404.435.6312 c
14
Embed
Birmingham AL - 2,794 SF $2,785,000 • 5.50 % Cap …...Birmingham was second in the nation for building personal net worth, based on local salary rates, living expenses, and unemployment
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
ATTENTION:Thisbrochurehasbeenpreparedtoprovidesummaryinformationtoprospectivepurchasersandtoestablishapreliminarylevelofinterest in thepropertypresented. Itdoesnot,however,purport topresentallmaterial information regarding thesubjectproperty,and it isnota substitute fora thoroughduediligence investigation. Inparticular,RealtyLink,LLChasnotmadeany investigationandmakesnowarrantyorrepresentationwithrespecttothefinancialconditionorbusinessprospectsofanytenantoranytenant’splansorintentionstocontinueorrenewitsoccupancyofthesubjectproperty.Theinformationcontainedinthisbrochurehasbeenobtainedfromsourceswebelievetobereliable;however,RealtyLink,LLChasnotconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.
BirminghamisthelargestcityinAlabamawithapopulationcurrentlyestimatedat242,820,andametropopulationof1,079,089(BirminghamForward.gov).ThecityisthecountyseatofJeffersonCounty.ThepaceofBirmingham’sgrowthduringtheperiodfrom1881through1920earneditsnicknamesTheMagicCityandThePittsburghoftheSouth.Fromitsfoundingthroughtheendofthe1960s,BirminghamwasaprimaryindustrialcenteroftheSouth.Theeconomydiversifiedduringthelaterhalfofthetwentiethcentury.Thoughthemanufacturing industry maintains a strong presence in Birmingham, other businesses and industries such as banking, telecommunications, transportation,electricalpowertransmission,medicalcare,collegeeducation,andinsurancehaveriseninstature.
Birmingham ranks as one of the most important business centers in the Southeastern UnitedStatesandisalsooneofthelargestbankingcentersintheUnitedStates.Inaddition,theBirminghamareaservesasheadquarterstooneFortune500company:RegionsFinancial,alongwithfiveotherFortune1000companies.Twoofthelargestsoft-drinkbottlersintheUnitedStates,eachwithmorethan$500millioninsalesperyear,arelocatedinBirmingham.TheBuffaloRockCompany,foundedin1901,wasformerlyamakerofjustgingerale,butnowitisamajorbottlerforthePepsiColaCompany.TheCoca-ColaBottlingCompany,United,foundedin1902,isthethird-largestbottlerofCoca-ColaproductsintheU.S.
TheBirminghamareaisreputedtobethehomeofsomeofAlabama’sbest highschools,colleges,anduniversities.In2005,theJeffersonCountyInternational Baccalaureate School in Irondale, an eastern suburb of Birmingham, was rated as the No.1highschoolinAmericabyNewsweek,anationalpublication.Theschool remainsamongthenation’stop5highschools.