Winn-Dixie NNN Property For Sale — Birmingham, AL · 58,077 SF
Birmingham, AL 35213
Single-tenant Winn-Dixie property situated on approximately 6.70 acres in Birmingham, Alabama. The property is subject to an absolute NNN lease with zero landlord responsibilities and approximately 9 years of lease term remaining following a recent extension. Winn-Dixie has occupied this location since 1999 and executed a $5 million renovation in 2012, highlighting strong long-term commitment to the site. The lease features a corporate guarantee and rental increases in the option periods, set within a dense infill trade area exceeding 127,000 residents within a 5-mile radius.
- Address: Birmingham, AL 35213
- Asking price $11.35M
- 5.50% cap rate
- NOI $624,360
- 9 years remaining
- NNN lease
- Year built: 1999
- Building size: 58,077 SF
- Lot size: 6.70 acres
- Rent increases: Rent increases to $674,358 in the first option
- Guarantor: Corporate
Location
This Winn-Dixie property is in Birmingham, Alabama.
Asset type: Retail