Verizon - Birmingham, AL

579 Brookwood Village
Birmingham, AL 35209

Marketing Materials

Overview

JLL Net Lease is pleased to offer for sale the fee-simple interest in a single-tenant Verizon Wireless (the “Property” or “Asset”) located in Birmingham, Alabama. The 4,738 SF Asset is a corporate store and has 7.25 years of term remaining. The Property is shadow anchored by a urban, 2-story Target, Fresh Market, DSW, a 9-story “Class A” office building and Brookwood Village Mall. Positioned between Highway 280 and US 31 along Shades Creek Parkway, the Property is ideally located adjacent to the affluent Mountain Brook and Homewood neighborhoods, with average household incomes immediately surrounding the Property of $120,000. Verizon Wireless at Brookwood Village provides investors the opportunity to acquire a strategically located single-tenant asset with excellent real estate fundamentals in an affluent area of Birmingham, Alabama.
  • Primary Broker

    Caroline Binning - Net Lease Broker
    Caroline Binning
    (214) 438-6590

  • Secondary Broker(s)

    Adam Howells - Net Lease Broker
    Adam Howells
    214.438.6530

  • In-State Licensee

    Buff Teague - Net Lease Broker
    Buff Teague
    AL

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General
Property Type Retail
Property Address 579 Brookwood Village
Birmingham, AL 35209
Market AL-Birmingham
Land In Acres 1.41
Building Size 4,738 Square Feet
Primary Use None
Year Built 2001
Tenancy Single-Tenant
Financial
Price $4,009,007
Price PSF $846.14
Cap Rate 6.50%
Current NOI $260,590
Lease
Tenant Name Verizon Wireless
Guarantor Cellco Partnership
Annual Rent $260,590
Rent Escalations 10% after year 5
Options 2 x 3 years
Lease Expiration Date 9/30/2025
Remaining Term 7.0Yrs