Center Point Shopping Center
Available for Sale
Center Point Shopping Center
Investment Opportunity
128,275± SF SHOPPING CENTER IN BIRMINGHAM, AL
Property Specifications Location: Square Footage: Acreage: Property Interest: Year Built: Stabilized NOI: Occupancy: Terms: Price:
1671-1691 Center Point Parkway Birmingham, AL 35215 128,275± SF 13.96± AC Leased Fee (subject to ground lease) 1990 $434,962 89% All cash; As-Is $3,100,000 ($24 PSF)
Investment Highlights › Grocery-Anchored Shopping Center › Well located along main thoroughfare Center Point Parkway, with excellent access to I-59 › Strong demographics with 56,672± people at average household income exceeding $59,830± within a 3-mile radius
65
CENTER POINT SHOPPING CENTER
59
› High traffic counts with 32,560± cars per day along Center Point Parkway in front of subject property › Upside Potential through lease-up and rent increases
20
Birmingham
› Discount to Replacement Cost - The asset can be purchased at a significant discount to replacement cost PLEASE CONTACT:
59
Joseph R. Montgomery, III Senior Vice President | Retail Investment Sales DIRECT +1 404 574 1029 [email protected]
20
Tony D’Ambrosio Vice President | Retail Investment Sales DIRECT +1 404 574 1048 [email protected]
459
65
Jesse Terry Rockwood Real Estate Advisors DIRECT +1 212 286 5800 [email protected]
All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.
CENTER POINT SHOPPING CENTER | BIRMINGHAM, AL
Aerial CENTER POINT SHOPPING CENTER
CENTER P O
INT PARKWAY
CENTER POINT ELEMENTARY SCHOOL
CENTER P OINT PARK WAY
Survey
Demographics Overview RADIUS (MILES)
1-MILE
3-MILE
5-MILE
POPULATION 2010 Estimated Population 2015 Projected Population Change 2010 - 2015 Median Age
RADIUS (MILES)
1-MILE
3-MILE
5-MILE
INCOME 9,632 9,517 -1% 35.0
56,672 56,836 0% 35.4
92,735 93,657 1% 36.7
Average Household Income Median Household Income Per Capita Income
$54,427 $41,339 $22,661
$59,831 $48,303 $23,974
$62,389 $48,945 $24,887
2,462 317
18,937 1,317
39,503 2,932
0.3% 0.9% 36.6% 59.3% 1.7%
0.4% 1.0% 40.2% 56.3% 0.9%
0.4% 1.0% 36.4% 60.3% 0.8%
BUSINESS & EMPLOYMENT HOUSEHOLDS 2010 Est. Households 2015 Proj. Households Change 2010 - 2015
4,044 4,056 0.3%
22,595 22,981 1.7%
36,949 37,868 2.5%
HOUSING Total Housing Units Owner-Occupied Housing Units Renter-Occupied Housing Units Vacant Housing Units
4,619 53.2% 34.4% 12.5%
25,504 63.9% 24.7% 11.4%
41,862 67.2% 21.1% 11.7%
CENTER POINT SHOPPING CENTER | PROPERTY BROCHURE JOE MONTGOMERY DIRECT: +1 404 574 1029 [email protected]
Number of Employees Number of Establishments POPULATION BY RACE American Indian, Eskimo, Aleut Asian Black White Other
TONY D’AMBROSIO +1 404 574 1048 [email protected]
DIRECT:
JESSE TERRY COLLIERS INTERNATIONAL P. 2 DIRECT: +1 212 286 5800 [email protected]
Center Point Shopping Center
Investment Opportunity
128,275± SF SHOPPING CENTER IN BIRMINGHAM, AL
Property Specifications Location: Square Footage: Acreage: Property Interest: Year Built: Stabilized NOI: Occupancy: Terms: Price:
1671-1691 Center Point Parkway Birmingham, AL 35215 128,275± SF 13.96± AC Leased Fee (subject to ground lease) 1990 $434,962 89% All cash; As-Is $3,100,000 ($24 PSF)
Investment Highlights › Grocery-Anchored Shopping Center › Well located along main thoroughfare Center Point Parkway, with excellent access to I-59 › Strong demographics with 56,672± people at average household income exceeding $59,830± within a 3-mile radius
65
CENTER POINT SHOPPING CENTER
59
› High traffic counts with 32,560± cars per day along Center Point Parkway in front of subject property › Upside Potential through lease-up and rent increases
20
Birmingham
› Discount to Replacement Cost - The asset can be purchased at a significant discount to replacement cost PLEASE CONTACT:
59
Joseph R. Montgomery, III Senior Vice President | Retail Investment Sales DIRECT +1 404 574 1029 [email protected]
20
Tony D’Ambrosio Vice President | Retail Investment Sales DIRECT +1 404 574 1048 [email protected]
459
65
Jesse Terry Rockwood Real Estate Advisors DIRECT +1 212 286 5800 [email protected]
All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.
CENTER POINT SHOPPING CENTER | BIRMINGHAM, AL
Aerial CENTER POINT SHOPPING CENTER
CENTER P O
INT PARKWAY
CENTER POINT ELEMENTARY SCHOOL
CENTER P OINT PARK WAY
Survey
Demographics Overview RADIUS (MILES)
1-MILE
3-MILE
5-MILE
POPULATION 2010 Estimated Population 2015 Projected Population Change 2010 - 2015 Median Age
RADIUS (MILES)
1-MILE
3-MILE
5-MILE
INCOME 9,632 9,517 -1% 35.0
56,672 56,836 0% 35.4
92,735 93,657 1% 36.7
Average Household Income Median Household Income Per Capita Income
$54,427 $41,339 $22,661
$59,831 $48,303 $23,974
$62,389 $48,945 $24,887
2,462 317
18,937 1,317
39,503 2,932
0.3% 0.9% 36.6% 59.3% 1.7%
0.4% 1.0% 40.2% 56.3% 0.9%
0.4% 1.0% 36.4% 60.3% 0.8%
BUSINESS & EMPLOYMENT HOUSEHOLDS 2010 Est. Households 2015 Proj. Households Change 2010 - 2015
4,044 4,056 0.3%
22,595 22,981 1.7%
36,949 37,868 2.5%
HOUSING Total Housing Units Owner-Occupied Housing Units Renter-Occupied Housing Units Vacant Housing Units
4,619 53.2% 34.4% 12.5%
25,504 63.9% 24.7% 11.4%
41,862 67.2% 21.1% 11.7%
CENTER POINT SHOPPING CENTER | PROPERTY BROCHURE JOE MONTGOMERY DIRECT: +1 404 574 1029 [email protected]
Number of Employees Number of Establishments POPULATION BY RACE American Indian, Eskimo, Aleut Asian Black White Other
TONY D’AMBROSIO +1 404 574 1048 [email protected]
DIRECT:
JESSE TERRY COLLIERS INTERNATIONAL P. 2 DIRECT: +1 212 286 5800 [email protected]
