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Summit Square Plaza 265-295 W Valley Ave
1,600 - 4,638 SF of Retail Space Available in Birmingham, AL 35209
Highlights
- Easy Access to Highway 65
- 0.25 miles away from major developments including three new "A" Class multifamily projects (540+ units) - $80 million estimated cost
- Located adjacent from Homewood Police station & Municipal Courthouse
- Minutes away from major universitys like UAB, Herzing and Samford. Nearly 30k student population within a 8 min. radius.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,600-4,638 SF | Negotiable | $9.00 /SF/YR $0.75 /SF/MO $96.88 /m²/YR $8.07 /m²/MO $3,479 /MO $41,742 /YR | Triple Net (NNN) |
265-295 W Valley Ave - 1st Floor
Spacious retail suite with up to 7,859 sqft available.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Summit Square Plaza
- Tenant
- Description
- US Locations
- Reach
- Black Bones Tattoo
- Services
- 1
- -
- Dominican Hair Salon
- Salon/Barber/Spa
- -
- Local
- El Chile
- Restaurant
- 1
- -
- Interamerican Solution Center
- Services
- -
- -
- The Complete K9 Training
- Services
- -
- -
- Wananchi Grocery Store
- Supermarket
- 1
- -
| Tenant | Description | US Locations | Reach |
| Black Bones Tattoo | Services | 1 | - |
| Dominican Hair Salon | Salon/Barber/Spa | - | Local |
| El Chile | Restaurant | 1 | - |
| Interamerican Solution Center | Services | - | - |
| The Complete K9 Training | Services | - | - |
| Wananchi Grocery Store | Supermarket | 1 | - |
PROPERTY FACTS FOR 265-295 W Valley Ave , Birmingham, AL 35209
| Min. Divisible | 1,600 SF | Frontage | 600’ on West Valley Ave |
| Center Type | Strip Center | Gross Leasable Area | 25,218 SF |
| Parking | 105 Spaces | Total Land Area | 2.70 AC |
| Stores | 16 | Year Built | 1980 |
| Center Properties | 1 | Cross Streets | Summit Parkway |
| Min. Divisible | 1,600 SF |
| Center Type | Strip Center |
| Parking | 105 Spaces |
| Stores | 16 |
| Center Properties | 1 |
| Frontage | 600’ on West Valley Ave |
| Gross Leasable Area | 25,218 SF |
| Total Land Area | 2.70 AC |
| Year Built | 1980 |
| Cross Streets | Summit Parkway |
About the Property
Conveniently located in the vibrant West Homewood area, Summit Square Plaza not only has a diverse list of tenants but comes with a Daily Traffic Count of +12,985 AADT. The Summit Square Plaza is central to three new major multifamily developments that are sure to bring more than 540+ “A” Class apartment units with the largest one opening as soon as 2025 with a combined estimated cost of nearly $80 million. Best of all, Summit Square Plaza is less than 0.25 miles away from it all! But wait, there’s more, two out of the three new developments will also have mixed use space that will range from famous Birmingham restaurant’s like Paramount’s and El Barrio to even a doctor’s office. More new developments in the immediate area consist of coworking office concepts, hair salons, retail and more. The Summit Square Plaza is also conveniently located just minutes from major universities like University of Alabama at Birmingham and Samford University with a combined student count of nearly 30,000 students as of Fall 2023. Not to mention, Herzing University is located directly across the street making the Summit Square Plaza the ideal location for a coffee shop, pizza shop and much more. Lastly, adjacent from the Summit Square Plaza, sits the new Homewood Police Station, Homewood Municipal Courthouse and jail holding cells making it the ideal location for a bail bounds office and even a new solo practitioner lawyer’s office. As West Homewood continues to rapidly grow, the city of Homewood has a current average household income of nearly $140k (according to worldpopulationreview.com). Demographics ratings are attached in the link below.
- Pylon Sign
- Tenant Controlled HVAC
Nearby Major Retailers
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AJ Sultan - LaFayetta Estates, LLC
Presented by
LaFayetta Estates, LLC
Summit Square Plaza | 265-295 W Valley Ave
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