Viewed by 170 Investors
5291 US 280
Birmingham, AL 35242
Brook Highland is anchored by a 126,917 square-foot Lowes Home Improvement as well as a 23,358 square-foot Sprouts Farmers Market. Lowes Home Improvement is on a ground lease and has been at the center since 2002. They have term through February of 2023 and six options allowing them to stay at the center until 2053. According to Placer.ai mobile data, they outpace the Home Depot down the street by over 100,000 visitors a year. Sprouts has been a tenant at the center since 2015 and has lease term through February 2025 along with three renewal options that will allow them to remain at the site until 2040. In 2020, the grocer generated sales of $10.1 million dollars, which is $433 per square-foot. Sprouts is a publicly traded supermarket chain that has over 340 stores across 23 states and employs over 35,000 people. In 2021, Sprouts generated over six billion dollars in revenue.
Brook Highland features an extremely high-quality tenant roster including Burlington, Best Buy, HomeGoods, Petco, Dollar Tree, Ulta, Five Below, and Ashley Furniture. The remaining 11,650 square feet of vacant space provides FNRP with the opportunity to increase foot traffic, enhance cash flow and create meaningful upside in the future.
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Viewed by 171 Investors
5291 US 280
Birmingham, AL 35242
5291 US 280
Birmingham, AL 35242
“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”
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5291 US 280
Birmingham, AL 35242
“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”
Investor
Welcome Investors
Select the best option to get started.
Allocation Request Form
"*" indicates required fields
Allocation Request Form
"*" indicates required fields
Allocation Request Form
"*" indicates required fields