Location Description
DaVita Dialysis is strategically located on Avenue E. Within the property, there is an additional 8,000 square feet currently occupied by “Beauty Masters,” paying $2,050 per month until August 31st, 2024. Upon their vacancy, the Landlord will have the opportunity to lease up this additional space for a significant increase in cash flow and overall return, as well as pro forma cap rate. The new...
DaVita Dialysis is strategically located on Avenue E. Within the property, there is an additional 8,000 square feet currently occupied by “Beauty Masters,” paying $2,050 per month until August 31st, 2024. Upon their vacancy, the Landlord will have the opportunity to lease up this additional space for a significant increase in cash flow and overall return, as well as pro forma cap rate. The new Landlord will receive this extra rent if the property is closed before August 2024 as well. Moreover, it is in proximity to well-known national tenants such as Family Dollar and U-Haul. The 5-mile trade area is supported by a population of 109,824 residents with an average household income of $63,088. Birmingham is a city in the north-central region of the state of Alabama and serves as the seat of Jefferson County. As of the 2022 census, it had a population of 196,910. The broader Birmingham metropolitan area had a population of 1,115,289 in 2020, making it the largest metropolitan area in Alabama. The subject property is located approximately 140 miles from Atlanta, GA, and 183 miles from Nashville, TN.
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