1201 Doug Baker Boulevard

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1201 Doug Baker Boulevard

Birmingham, AL 35242
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

Village at Lee Branch – Phase II | Retail Investment Opportunity | 81% Occ. | $140K Avg. HH Income <ul><li>​Birmingham - Top 50 MSA</li><li>​Located in the US-280 Retail Corridor - Birmingham's Dominant Retail Corridor with 90K VPD | 29M Visits</li><li>​Highly Affluent Customer Base - Sought After Mountain Brook / Meadowbrook Suburb | $145K AHHI</li><li>​Multi-Anchor Drawing Power Including a Publix Shadow Anchor</li><li>​Immediate Value-Add Potential via Lease-Up (81% Occupancy), Densification Potential and Mark-to-Market</li><li>​Significant Leasing Momentum - 5 New Shop Leases Since the An

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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