Investment Highlights
Attractive Lease Fundamentals
Proximity to Local Market Drivers
Brand Name Tenant Mix
Executive Summary
Attractive Lease Fundamentals - Each Tenant has rental increases through out the base term and option periods - Each lease is structured NNN providing minimal landlord responsibilityStrong Brand Name Tenant Mix - The center includes Jersey Mikes (2,652 total locations) - Dunkin? Donuts (13,200 locations) - Chicken Salad Chick (over 225 locations)Accessible Location in High Traffic Retail Corridor - Located off of a lighted intersection - Less than a quarter mile rom I-65 (79,166 VPD) - Over 1.2MSF of retail space within a 1-mile radius (1.5% vacancy) - Nearby national tenants include: Publix (75K monthly visits), Walmart Super Center (208K monthly visits), Chipotle, Starbucks, and Panera BreadProximity to Local Market Drivers - Less than a mile away from Gardendale Elementary School (702 students), Bragg Middle School (762 students), and Gardendale High School (1,039 students) - Approximately a half-mile to UAB Freestanding Emergency Center and Department, a $33.9M project that consists of 26.7K SF emergency center and a two-story 38.4K of medical officeRecently Constructed - Newer construction should limit a new owner?s exposure to capital repairs during the hold periodHigh Growth and Income Suburb - The 3-mile radius AHHI is about 212% above the AHHI for Birmingham MSA - Gardendale, AL experienced a 7.81% population growth from 2020 to 2023
