Men’s Wearhouse

3664 Galleria Cir, Hoover, AL

Deal Type:

Net Lease

Price:

$2,750,000

Cap Rate:

6.00%

Current Rent:

$175,000

Lease Type:

DoubleNet

Lease Term:

4 years

Landlord Responsibilities:

Roof & Structure

Renewal Options:

Four, 5-Year

Building Sq. Ft.:

5,000 SF

Rent Increases:

10% every 5 years

Site Size:

0.35 Acres

Access Offering Memorandum

Investment Highlights

Top Performing Location: Ranked in the Top 7% of stores nationwide (Placer AI)
Commitment: Over four years remaining on the lease with a recent 5-year extension executed in 2023
Rent Growth: The lease calls for 10% rental increases every five years to provide a strong hedge against inflation
Location: Situated within Riverchase Galleria which hosts ±156 retail stores. Conveniently located off I-459 and Montgomery Highway (combined 170,250 VPD)
Demographics: The property is located in Hoover, AL, an affluent suburb of Birmingham, which boasts an average household income greater than $119,000 within a 5-mile radius
Trade Area: Located in proximity to other national tenants such as Sam’s Club, Dave & Buster’s, Costco, Hyatt Regency, Belk, The Home Depot, Barnes & Noble, David’s Bridal, Joann Fabric & Crafts, and Ulta Beauty, among others

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]

Broker of Record: Jonathan Wolfe, Alabama Lic: #000116991 – 0

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.