PRICE REDUCED-MUST SELL! | 11059 S HWY 119
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
PRICE REDUCED-MUST SELL! 11059 S HWY 119
7,000 SF 100% Leased Retail Building Alabaster, AL 35007 $950,000 ($136/SF) 8.25% Cap Rate
Investment Highlights
- See Flyer
Executive Summary
See Flyer for details and / or contact Mark Dinan at 205-243-3434 (Call or Text)
7,000 +,- sf building on .62 +,- acres.
Brick block construction built in 1998.
Renovations 2024
374’ of road frontage on Montevallo Road/119.
22 Parking Spaces
High visibility and exposure.
Easy egress and ingress on Hwy 119 and 1st Street.
At the Gateway of Hwy 119 Growth Corridor.
Fantastic accessibility at the gateway to Alabaster.
Less than 1 mile from I-65, Exit 238, just off 119.
Zoned B-2 General Business, City of Alabaster
Alabaster rated 39th Best Place to Live by Money.
Remarkable 60% growth in the last 10 years.
One of the fastest growing cities in Alabama.
Strong Demographics.
Over 345,000 residents located within 5 miles.
High traffic counts 26,000 CPD on Hwy 119.
Purchase Price:
$950,000.00
Cap rate:
8.25%
Lease Type:
Modified Net
Estimated 2024 NOI :
$78,397
Ownership:
Fee Simple
Lease Expirations:
Rent-A Center 12/31/2027
Natural Hair Care 11/30/2026
Renewal Options: Rent-A Center
Option 1 (5 Year) $5,600/mo
Option 2 (5 Year) $6,000/mo
Natural Hair Care
Option 1 (3 Year) $1,500/mo
Credit:
Rent-A-Center is $1.57 billion company owned by Upbound.
History:
Rent-A-Center at location since 1993.
Upside market rent potential.
Current market rent is higher than Rent-A-Center.
7,000 +,- sf building on .62 +,- acres.
Brick block construction built in 1998.
Renovations 2024
374’ of road frontage on Montevallo Road/119.
22 Parking Spaces
High visibility and exposure.
Easy egress and ingress on Hwy 119 and 1st Street.
At the Gateway of Hwy 119 Growth Corridor.
Fantastic accessibility at the gateway to Alabaster.
Less than 1 mile from I-65, Exit 238, just off 119.
Zoned B-2 General Business, City of Alabaster
Alabaster rated 39th Best Place to Live by Money.
Remarkable 60% growth in the last 10 years.
One of the fastest growing cities in Alabama.
Strong Demographics.
Over 345,000 residents located within 5 miles.
High traffic counts 26,000 CPD on Hwy 119.
Purchase Price:
$950,000.00
Cap rate:
8.25%
Lease Type:
Modified Net
Estimated 2024 NOI :
$78,397
Ownership:
Fee Simple
Lease Expirations:
Rent-A Center 12/31/2027
Natural Hair Care 11/30/2026
Renewal Options: Rent-A Center
Option 1 (5 Year) $5,600/mo
Option 2 (5 Year) $6,000/mo
Natural Hair Care
Option 1 (3 Year) $1,500/mo
Credit:
Rent-A-Center is $1.57 billion company owned by Upbound.
History:
Rent-A-Center at location since 1993.
Upside market rent potential.
Current market rent is higher than Rent-A-Center.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1998/2024
Price
$950,000
Price Per SF
$136
Cap Rate
8.25%
NOI
$78,397
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.62 AC
Zoning
B-2 General Business - B-2 General Business, City of Alabaster
Parking
22 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
374 FT on Montevallo Road/Hwy 119
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 23-1-02-1-002-023-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,140 |
PROPERTY TAXES
Parcel Number
23-1-02-1-002-023-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,140
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
PRICE REDUCED-MUST SELL! | 11059 S HWY 119
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.