This summer, Condado Tacos will be opening its first restaurant in the state of Alabama at the Cahaba Village mixed-use center, which has condominiums above ground-floor retail. The national trend of higher real estate taxes had affected the ability to lease the space immediately, but Centennial patiently waited until a best-in-class operator could sign on. The restaurant brand is forecasted to not only be a great fit for the on-site condominium dwellers, but to also draw many new customers to the property.
Tenant: Condado Tacos
Location: Birmingham, Ala.
Square Footage: 3,846 s.f.
Developer/Owner: Centennial
Property Type: Mixed-Use Center
Condado Tacos was attracted to the end cap space with a patio, a former Newk’s Eatery, because it offered strong visibility and access to the greater Birmingham area consumer, as Cahaba Village generates 1.2 million visits to the center per year and 80,000+ cars per day due to its location along U.S. Highway 280. In addition, the mixed-use center is within walking distance to the standalone pad sites that house a Whole Foods Market and an AFC Urgent Care, while the mixed-use building itself houses high-traffic tenants such as Diamonds Direct, Mountain High Outfitters, Hollywood Feed and Restore Hyper Wellness. Condado Tacos currently has 42 units and hopes to double its real estate footprint by 2026. The restaurant boasts a full bar, including specialty margaritas, as well as a wide selection of tacos and bowls.
Tenant Representation:
Strategic Retail Advisors
1001 N. U.S. Highway One, Suite 710
Jupiter, FL 33477
John Aiello, Partner
(561) 309-7032
jaiello@sraretail.com
Aaron Petree, VP
(561) 743-8724
apetree@sraretail.com
Property Representation:
Centennial
8750 N. Central Expressway, Suite 1740
Dallas, TX 75231
DeeDee Shashy, VP, National Leasing
(205) 795-4144
dshashy@centennialrec.com
