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Net Lease Market Still Hot

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Net Lease Market Still Hot

April 23, 2013

By Michael Randman, Southpace Broker During the first quarter of 2013, cap rates for the single tenant net leased market remained near historic lows for the retail, office and industrial… Read more

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🌟 Exciting News Alert! 🌟

Wingstop is open at its newest location in Decatur, AL located in the Decatur Commons Publix anchored shopping center - 1605 Beltline Rd SW.

𝐖𝐢𝐧𝐠𝐬𝐭𝐨𝐩 is known for its mouthwatering boneless and bone-in wings and tenders available in 11 irresistible sauce flavors.

Awesome job to #Southpace's 𝐀𝐥𝐞𝐱 𝐁𝐞𝐧𝐬𝐨𝐧 for representing Wingstop franchisee in this amazing deal. #DoneDeal #commercialrealestate #CRE #commercialrealestate #decatural #decaturalabama #wingstop #tenantrep #tenantrepresentation #commercialproperty #realestateinvestors #commercialbrokerage

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🌟 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 𝐀𝐥𝐞𝐫𝐭! 🌟

Tropical Smoothie Cafe is coming soon to Wetumpka, Alabama. Hats off to 𝐁𝐫𝐲𝐚𝐧 𝐇𝐨𝐥𝐭 and 𝐒𝐚𝐦 𝐂𝐞𝐧𝐭𝐞𝐧𝐨 of 𝐒𝐨𝐮𝐭𝐡𝐩𝐚𝐜𝐞 who represented 𝐓𝐒𝐂 and 𝐆𝐞𝐧𝐞 𝐂𝐨𝐝𝐲 of 𝐌𝐨𝐨𝐫𝐞 𝐑𝐞𝐚𝐥𝐭𝐲 who represented the landlord.

This location will be in the small shops space outparcel of the new Publix development that sits at the intersection of Highway 231 and Ft. Toulouse Road.

𝐓𝐫𝐨𝐩𝐢𝐜𝐚𝐥 𝐒𝐦𝐨𝐨𝐭𝐡𝐢𝐞 𝐂𝐚𝐟𝐞 offers fresh, made-to-order smoothies, wraps, sandwiches, and flatbreads to make eating better and easy breezy. Experience the good vibes of the tropics and enjoy a mini vacation in the middle of your day with their tropical-inspired offerings.

#retailCRE #commercialrealestate #wetumpkaalabama #comingsoon #commercialproperty #bhamCRE #southpace #DoneDeal #CRE #wetumpka #tenantrepresentation #commercialproperty #realestateinvestors #commercialbrokerage

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𝐒𝐎𝐋𝐃! 𝐀𝐧𝐝𝐲 𝐊𝐚𝐮𝐟𝐦𝐚𝐧𝐧 of Southpace Properties facilitated the trade of a 4,300 SF warehouse building located at 540 37th St N, Birmingham, AL 35222 in Birmingham's northeast industrial park. Andy represented both the seller and the buyer. Way to go, Andy!

#southpace #CRE #commercialrealestate #bhamalrealestate #birminghamalabama #birminghamal #propertymanagement

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𝐌𝐞𝐞𝐭 𝐭𝐡𝐞 𝐓𝐞𝐚𝐦 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 𝐒𝐞𝐫𝐢𝐞𝐬!

Meet 𝐋𝐮𝐤𝐞 𝐆𝐫𝐚𝐧𝐭. Luke started his career in January 2021 in St. Louis, MO, and is now a part of the Southpace Properties team in Birmingham, Alabama.

Luke holds a degree in 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 from 𝐂𝐞𝐝𝐚𝐫𝐯𝐢𝐥𝐥𝐞 𝐔𝐧𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲, where he developed expertise in sales and client relations. His tenure at Southpace has deepened his understanding of market dynamics and client needs.

Luke's commitment goes beyond transactions; he values understanding clients' goals to ensure success in every deal. He is known for his strong connections and results-driven approach.

"𝙀𝙫𝙚𝙧𝙮 𝙤𝙪𝙣𝙘𝙚 𝙤𝙛 𝙩𝙝𝙤𝙪𝙜𝙝𝙩 𝙖𝙣𝙙 𝙙𝙚𝙫𝙤𝙩𝙞𝙤𝙣 𝙄 𝙘𝙖𝙣 𝙥𝙪𝙩 𝙞𝙣𝙩𝙤 𝙖 𝙙𝙚𝙖𝙡 𝙞𝙨 𝙙𝙤𝙣𝙚 𝙨𝙤 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚 𝙘𝙡𝙞𝙚𝙣𝙩 𝙘𝙖𝙣 𝙢𝙖𝙭𝙞𝙢𝙞𝙯𝙚 𝙩𝙝𝙚𝙞𝙧 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡 𝙨𝙪𝙘𝙘𝙚𝙨𝙨," says Luke, highlighting his commitment to their success.

Join us in recognizing Luke's contributions to CRE. Swipe left to learn more. #MeetTheTeam #RealEstateExpert #commercialrealestateinvesting #birminghamrealestate #retailcommercialrealestate #birminghamcre #southpace #bhamalrealestate #commercialrealestate #retail #commercialleasing #investmentproperty #birminghamal

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𝐒𝐨𝐮𝐭𝐡𝐩𝐚𝐜𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬 joined the 𝟐𝟎𝐭𝐡 𝐀𝐧𝐧𝐮𝐚𝐥 𝐄𝐱𝐜𝐞𝐩𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐂𝐡𝐢𝐥𝐢 𝐂𝐨𝐨𝐤-𝐎𝐟𝐟 this year and received recognition as a 𝐬𝐞𝐦𝐢𝐟𝐢𝐧𝐚𝐥𝐢𝐬𝐭 (𝐓𝐨𝐩 𝟓𝟎) with 𝐁𝐫𝐲𝐚𝐧 𝐇𝐨𝐥𝐭'𝐬 𝐒𝐨𝐮𝐭𝐡𝐩𝐚𝐜𝐞 𝐂𝐡𝐢𝐥𝐢 𝐂𝐨𝐨𝐤-𝐎𝐟𝐟 𝐖𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐜𝐢𝐩𝐞! The event drew 151 cook teams and over 13,000 attendees, raising more than $520,000. It proved to be a significant event for both the foundation and the community.
Special thanks to @exceptionalfoundation for organizing the event and to @danielmmcallister for the photos. We're looking forward to next year's event! #bhamal #birminghamcre #birminghamalabama #birminghamal #chilicookoff #southpace #commercialrealestate #propertymanagement #retailcre

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🌟 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 𝐀𝐥𝐞𝐫𝐭! 🌟

@stiversfordofbirmingham opened its much-anticipated new location last month, making it the largest Ford dealership in Alabama. It is also the first standalone Ford Bronco location in the southeast.

𝐁𝐫𝐲𝐚𝐧 𝐇𝐨𝐥𝐭 of 𝐒𝐨𝐮𝐭𝐡𝐩𝐚𝐜𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬, represented 𝐄𝐝𝐝𝐢𝐞 𝐒𝐭𝐢𝐯𝐞𝐫𝐬 in the deal, which closed in 2021. Bryan's role in securing this deal led it to be recognized as a "𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐃𝐞𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫" in 2021 by the 𝐁𝐢𝐫𝐦𝐢𝐧𝐠𝐡𝐚𝐦 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐉𝐨𝐮𝐫𝐧𝐚𝐥.

The dealership offers an on-site quick lane, ensuring prompt and convenient maintenance for all vehicle types, and facilitating customers' speedy return to the road. Customers also benefit from the efficiency and convenience of Ford mobile service vans, equipped with a fleet of nine vehicles designed to provide maintenance and repair services at home or the workplace. Additionally, the establishment features twelve 24/7 public-facing EV charging stations, showcasing a commitment to sustainability and meeting the evolving needs of the clientele.

Congratulations to the 𝐒𝐭𝐢𝐯𝐞𝐫𝐬 team on this remarkable achievement, promising to redefine the automotive experience in Alabama and beyond. #stiversford #bhambusiness #birmingham #bhamal #retailCRE #commercialrealestate #birminghamalabama #nowopen #commercialproperty #bhamCRE #mechanic #automotive #ford #fordbirmingham #southpace #DoneDeal #CRE #bhamalrealestate #tenantrepresentation #commercialproperty #realestateinvestors #commercialbrokerage

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Last week, 𝐁𝐢𝐥𝐥 𝐌𝐨𝐬𝐬 from 𝐒𝐨𝐮𝐭𝐡𝐩𝐚𝐜𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬 led the 𝐂𝐂𝐈𝐌 𝐂𝐈-𝟏𝟎𝟒 𝐜𝐨𝐮𝐫𝐬𝐞 𝐢𝐧 𝐁𝐢𝐫𝐦𝐢𝐧𝐠𝐡𝐚𝐦, focusing on comprehensive investment analysis for commercial real estate. This course, pivotal for optimizing investment returns and mitigating risks through advanced analyses, spans the entire investment lifecycle, emphasizing key investor decisions from acquisition to disposition. Bill’s instruction and 30 years of experience as a CCIM instructor offered attendees critical insights into leveraging analytical tools for better decision-making in real estate investment. #CCIM #bham2024 #commercialrealestateinvesting #bhamalabama #InvestmentManagement #Acquisition

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🌟 𝐌𝐞𝐞𝐭 𝐭𝐡𝐞 𝐓𝐞𝐚𝐦 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 𝐒𝐞𝐫𝐢𝐞𝐬!! 🌟

Introducing 𝐂𝐨𝐨𝐩𝐞𝐫 𝐂𝐫𝐨𝐬𝐬, who joined #Southpace in February 2023 as a Junior Broker on Bryan Holt's Retail team. He's a graduate of 𝐒𝐚𝐦𝐟𝐨𝐫𝐝 with a 𝐁𝐀 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩. Cooper's passion for real estate led him to earn a Masters in Real Estate and Development from 𝐂𝐥𝐞𝐦𝐬𝐨𝐧 in 2022. With valuable industry experience gained from internships at Coro Realty Advisors, Chick-fil-a Real Estate, and GBT, Cooper brings a sharp focus on acquisitions and site selection to our team. As a national member of the Urban Land Institute (ULI) and an active participant in UNLESS U, Cooper is deeply committed to professional growth and community involvement.

Outside the office, he enjoys spending time with his 4-year-old chocolate lab, hunting, and perfecting his golf game. #retailrealestate #investmentproperty #southpaceproperties #birminghamrealestate #RetailRealEstate #commercialrealestate #commercialrealestatebroker

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🌟 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 𝐀𝐥𝐞𝐫𝐭! 🌟

We are pleased to announce the successful opening of Florence, Alabama’s first @chipotle location, on February 8, 2024.

Chipotle Mexican Grill specializes in customizable bowls, tacos, and Mission burritos, crafted to order in full view of the customer.

Kudos to #Southpace's 𝐁𝐫𝐲𝐚𝐧 𝐇𝐨𝐥𝐭 and 𝐒𝐚𝐦 𝐂𝐞𝐧𝐭𝐞𝐧𝐨 for representing Chipotle on this deal. #DoneDeal #commercialrealestate #CRE #investmentproperty #commercialrealestatebroker #florencealabama #florenceal #bimrminghamal #bhamfoodie #birminghameats #bhamfood #bhamalrealestate #tenantrep #tenantrepresentation #commercialproperty #realestateinvestors #commercialbrokerage #commercialinvestment

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Happy Presidents' Day! Today, we celebrate and honor the legacy of our nation's greatest leaders. 🇺🇸 #PresidentsDay #Southpace #commercialrealestate #HappyPresidentsDay2024

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🌟 Meet the Team Spotlight Series! 🌟

𝐀𝐥𝐲𝐬𝐬𝐚 𝐖𝐚𝐭𝐞𝐫𝐬 began her journey in Commercial Real Estate in December 2013 and joined #Southpace in January 2019, specializing in 𝐓𝐞𝐧𝐚𝐧𝐭/𝐋𝐚𝐧𝐝𝐥𝐨𝐫𝐝 𝐑𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 and 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 and 𝐃𝐞𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧.

Aside from her professional commitments, Alyssa is devoted to her family, being a wife to Chris and a mother of two girls, Blakely and Avery. She actively engages in community service, volunteering weekly at a transitional homeless shelter, and is a member of 𝐂𝐡𝐮𝐫𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐇𝐢𝐠𝐡𝐥𝐚𝐧𝐝𝐬.

Passionate about mentorship, Alyssa advocates for young brokers and females entering the industry. Her belief in providing encouragement and fostering positive learning environments has made a lasting impact. In 2019, Alyssa earned a 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐞 𝐨𝐟 𝐌𝐢𝐧𝐢𝐬𝐭𝐫𝐲 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 from Highlands College.

Adding to her credentials, Alyssa served on the 𝐁𝐢𝐫𝐦𝐢𝐧𝐠𝐡𝐚𝐦𝐂𝐑𝐄𝐖 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐁𝐨𝐚𝐫𝐝 from 2015 to 2019, including a term as 𝐂𝐡𝐚𝐩𝐭𝐞𝐫 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 in 2018. Let's celebrate Alyssa's expertise and commitment to both her career and community. Swipe left to learn more about Alyssa! #commercialrealestateinvesting #commercialleasing #tenantrep #commercialrealestatebroker #MeetTheTeam #investmentproperties #bhamrealestate #commercialbrokerage #birminghamrealestate #tenantrepresentation

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🔥 Exciting News Alert! 🔥

PopStroke officially opened its doors in 𝐓𝐮𝐬𝐜𝐚𝐥𝐨𝐨𝐬𝐚, 𝐀𝐥𝐚𝐛𝐚𝐦𝐚 on January 18, located at 680 Harper Lee Drive, near McFarland Boulevard and north of University Boulevard. This launch marked the introduction of Alabama's first PopStroke location, a mini-golf and entertainment venue.

The opening was a culmination of plans announced in April of the previous year, showcasing a partnership between 𝐏𝐨𝐩𝐒𝐭𝐫𝐨𝐤𝐞 𝐄𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐮𝐩, 𝐛𝐚𝐬𝐞𝐝 𝐢𝐧 𝐉𝐮𝐩𝐢𝐭𝐞𝐫, 𝐅𝐥𝐨𝐫𝐢𝐝𝐚, 𝐓𝐢𝐠𝐞𝐫 𝐖𝐨𝐨𝐝𝐬, and 𝐓𝐚𝐲𝐥𝐨𝐫𝐌𝐚𝐝𝐞 𝐆𝐨𝐥𝐟. This collaboration aimed to expand into 13 new locations, with Tuscaloosa being a key part of this growth strategy.

PopStroke in Tuscaloosa features two 18-hole mini-golf courses alongside various dining and drinking facilities. The venue includes an outdoor patio with a full bar, a private event space with views of the courses, and widescreens across the premises. The design of the Tuscaloosa location is a departure from the typical PopStroke format, utilizing fixed structures made from modular containers, which were installed in the late fall and early winter.

𝐁𝐫𝐲𝐚𝐧 𝐇𝐨𝐥𝐭 and 𝐒𝐚𝐦 𝐂𝐞𝐧𝐭𝐞𝐧𝐨 𝐨𝐟 𝐒𝐨𝐮𝐭𝐡𝐩𝐚𝐜𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬 as well as 𝐍𝐨𝐚𝐡 𝐉𝐨𝐧𝐞𝐬 of 𝐀𝐭𝐥𝐚𝐧𝐭𝐢𝐜 𝐑𝐞𝐭𝐚𝐢𝐥 worked together to help @popstroke secure this site. Their efforts facilitated the establishment of this new entertainment option in Tuscaloosa.

PopStroke's opening in Tuscaloosa adds a unique entertainment choice for residents and visitors, blending mini-golf with a casual dining and social experience in an innovative setting. #commercialrealestate #tenantrepresentation #tenantrep #southpace #investmentproperty #realestatebrokers #minigolf #tigerwoods #tuscaloosaalabama #tuscaloosa #tuscaloosarealestate