SouthPoint Bank
Sale Leaseback
3501 Grandview Parkway, Birmingham, Alabama
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
4, 5 Year Options
Building Sq. Ft.:
27,198 SF
Rent Increases:
10% every 5 years or 2% Annually
Investment Highlights
- Long-Term Stability: The 20-year absolute NNN lease offers reliable, predictable cash flow with zero landlord responsibilities.
- Proximity to The Summit: Located less than two miles from The Summit, Birmingham’s premier open-air retail and lifestyle center featuring high-end national retailers, dining, and office space. This proximity enhances both daytime traffic and long-term brand visibility for SouthPoint Bank’s corporate operations.
- New Class A Construction: Built in 2018, the facility features modern, high-quality construction designed to Class A standards with efficient layouts, contemporary architectural detailing, and durable materials—reducing long-term maintenance needs and providing a professional, institutional-grade appearance.
- Prime Location: Positioned along Birmingham’s primary north–south commercial corridor, U.S. Highway 280, the property benefits from exceptional visibility with traffic counts exceeding 89,500 vehicles per day. The site is conveniently located one mile from Interstate 459, offering seamless regional connectivity and access to major employment and residential hubs throughout the metro.
- Affluent Surrounding Demographics: Situated within one of Birmingham’s most prosperous submarkets, the property is supported by an affluent customer base with average household incomes of $158,860 within a 5-mile radius, reinforcing strong deposit stability and consistent banking activity.
- Corporate Headquarters with Exceptional Deposit Strength: Serving as SouthPoint Bank’s corporate headquarters, the Grandview location operates as the central hub of the institution’s regional banking platform, overseeing key administrative and operational functions. The branch boasts over $750 million in deposits, underscoring its mission-critical role, the strength of its customer relationships, and the bank’s long-term commitment to the Birmingham market.
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
4, 5 Year Options
Building Sq. Ft.:
27,198 SF
Rent Increases:
10% every 5 years or 2% Annually
