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Inverness Corners

500 Inverness Corners, Birmingham, AL 35242

Inverness Corners is anchored by a 54,000 square-foot Winn Dixie grocery store as well as a 92,641 square-foot Kohls. Winn Dixie has been a tenant since 2013.

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Viewed by 1040 Investors

INVEST

min $50,000

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Inverness Corners

500 Inverness Corners
Birmingham, AL 35242

13.2%

Targeted
Annual
Return

6.8%

Targeted
Annual Cash
Distribution

1.4x

Targeted
Equity
Multiple

All figures are projected annual returns

Highlights

Inverness Corners is anchored by a 54,000 square-foot Winn Dixie grocery store as well as a 92,641 square-foot Kohls. Winn Dixie has been a tenant since 2013, has lease term through November 2033 and maintains six renewal options that will allow them to remain at the site until 2063. Winn Dixie has updated facades and is planning to invest over $1 million dollars into a major interior renovation of their store which will include more grocery pickup capabilities as well as coolers. In 2020, the grocer generated sales of $13.37 million dollars, which represents nearly a 12% increase in year-over-year sales.  Winn Dixie is a subsidiary of Southeastern Grocers, who owns and operates over 520 locations across 3 banners. Southeastern Grocers had over $10.5 Billion Dollars in Revenue in 2020.

Inverness Corners features a high-quality tenant roster including Kohls, Orange Theory, Mellow Mushroom, Tropical Café, Wing Stop, H&R Block and Enterprise. The remaining 17,227 SF of vacant space in the center provides FNRP with the opportunity to increase foot traffic, enhance cash flow and create meaningful upside.

$35M

Purchase Price

3 Year

Targeted Hold Period

13.2%

Targeted Annual Return

6.8%

Targeted Annual Cash Distribution

1.4x

Targeted Equity Multiple

Why We Invest

  • Anchored by Market-Dominant Grocer
    Anchored by a 54,000 SF Winn Dixie & 92,641 SF Kohl’s, Winn Dixie has been a Tenant here for 9 Years
  • High-Quality National Tenants
    Tenants Include: Orange Theory, Mellow Mushroom, Tropical Smoothie Café, Wing Stop, H&R Block, Enterprise, and more
  • Strong Market Demographics
    Located 11 Miles South of Downtown Birmingham
  • Value-Add Potential
    Lease-Up Vacant Space of 17,227 SF – Over $434,000 in Potential Rent Growth

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Location

Viewed by 1041 Investors

INVEST

min $50,000

Questions?

Inverness Corners

500 Inverness Corners
Birmingham, AL 35242

13.2%

Targeted
Annual
Return

6.8%

Targeted
Annual Cash
Distribution

1.4x

Targeted
Equity
Multiple

All figures are projected annual returns

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Invest in

Inverness Corners

500 Inverness Corners
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

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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.
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Allocation Request Form

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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*
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Invest in

Inverness Corners

500 Inverness Corners
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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