Invest in

Brook Highland Plaza

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.

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Viewed by 170 Investors

INVEST

min $50,000

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Brook Highland Plaza

5291 US 280
Birmingham, AL 35242

13.3%

Targeted
Annual
Return

7.1%

Targeted
Annual Cash
Distribution

1.4x

Targeted
Equity
Multiple

All figures are projected annual returns

Highlights

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.

$77M

Purchase Price

3 Year

Targeted Hold Period

13.3%

Targeted Annual Return

7.1%

Targeted Annual Cash Distribution

1.4x

Targeted Equity Multiple

Why We Invest

  • Anchored by Market-Dominant Grocer
    Anchored by a 126,917 SF Lowe’s & 23,358 SF Sprouts Farmers Market
  • High-Quality National Tenants
    Tenants Include: Burlington, Best Buy, HomeGoods, Petco, Dollar Tree, Ulta, Five Below, and Ashley Furniture
  • Strong Market Demographics
    Located 12 Miles South of Downtown Birmingham
  • Value-Add Potential
    Lease-Up Vacant Space of 11,650 SF – Provides FNRP with the opportunity to increase foot traffic, enhance cash flow and create meaningful upside in the future

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Location

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Viewed by 171 Investors

INVEST

min $50,000

Questions?

Brook Highland Plaza

5291 US 280
Birmingham, AL 35242

13.3%

Targeted
Annual
Return

7.1%

Targeted
Annual Cash
Distribution

1.4x

Targeted
Equity
Multiple

All figures are projected annual returns

Invest in

Brook Highland Plaza

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…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
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This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.

Invest in

Brook Highland Plaza

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…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

"*" indicates required fields

Please complete this form to reinvest into the FNRP Opportunity Fund. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investment Relations Team.
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.
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