Former Family Dollar in Birmingham, AL | 6+ Years Remaining on Initial Term
4300 Vanderbilt Road
Birmingham, AL 35217
Highlights
- Recently closed NNN Family Dollar still paying rent offers an investor the opportunity to repurpose this site with over 6 years remaining on the initial term
- Annual NOI is $127,782 which increases to $140,561 on 4/1/26
- The current footprint features a large 1.5-acre parcel with an ±8,320 SF newer construction built in 2016
- Located in Alabama’s largest city and industrial center of the South on busy six-laned Vanderbilt Rd with over 35,000 VPD
- 5-Mile demographics population of over 113,000 and an average household income of over $83,000 and growing
- The vacant “box” allows for flexible repurposing for many potential concepts: retail, medical, office, restaurant, and more – just imagine!
- Continue collecting rent until your new concept is found and negotiate a lease buy-out with Family Dollar to assist with repurposing expenses
Description
This absolute NNN, dark Family Dollar located in Birmingham, AL, closed in April 2024 and awaits a new concept! The tenant is paying rent of $127,783 with 6+ years remaining on the initial lease term. This attractive ±8,320 SF building, on over 1.5 acres, was constructed in 2016. The reason to close the store is unclear, but the “bones” of this location are excellent!
The Family Dollar faces a busy six lane road with over 35,000 vehicles per day. It is located 3.5 miles from Birmingham-Shuttlesworth International Airport, close to major interstate highways, and less than a 10-minute drive to downtown Birmingham. In addition, the 5-mile population is over 113,000 with an average household income of $83,000.
This highly flexible structure can be re-purposed or sub-divided for a broad range of concepts: retail, medical, office, restaurant, and more. While Family Dollar is likely to try to buy out the lease, the purchaser has the benefit of collecting rent until a new concept is found for themselves or a possible future tenant.
The area has attracted several national firms including Wells Fargo, Brasfield & Gorrie, Ford, Innovation Depot- home to the largest tech startup program in the Southeast and more. Smuckers has invested over $1 billion in a new manufacturing facility in the area as well. As a result of this and its proximity to the airport and downtown Birmingham, this area continues to grow! Bring your concept and take advantage of this NNN opportunity while you determine your next best concept!
Birmingham, AL
