Investment Highlights
Fully leased, over 9,000-square-feet retail asset housing two locally loved eateries and a vape shop with strong in-place cash flow.
Located adjacent to the University of Alabama at Birmingham, a top flight Alabama university with an enrollment of over 22,500 students.
Located within a new business improvement district (BID), including the expansion of the downtown CAP program, as well as an Opportunity Zone.
Positioned at the nucleus of Five Points South, Birmingham's premier neighborhood with fine dining, upscale retail, and event venues.
Impressive 3-mile demographic with over 84,800 residents, 45% of whom have a bachelor's degree, and average household income above $85K.
Executive Summary
? Opportunity to acquire Studio Arts Building, a three-tenant offering in Birmingham, AL? Eggholic and The Social both operate under a NNN lease structure, while Gallery Smoke operates on a gross lease; this presents a future investor with a value add opportunity by converting the gross lease to NNN? The asset is located at the signalized intersection of 11th Ave S and 20th St S averaging 23,600 VPD? The dense retail corridor features a handful of retailers such as Chick-fil-A, UPS, as well as various local tenants, promoting crossover store exposure to the site? The surrounding hotels in the immediate trade area include Homewood Suites, Residence Inn, Hilton Birmingham, Springhill Suites, and more, providing an additional consumer base? Ideally positioned next to The University of Alabama at Birmingham (22,500-students), providing a direct consumer base from which to draw? Just off US-280 Expressway with 75,000 VPD? More than 172,000 residents and 230,000 employees support the trade area? $103,062 average household income? Located within a new business inprovement district (BID), which includes expansion of the downton CAP ?clean & safe? program
