History of LT Shopping Center

"precious cornerstone"

2721 Cahaba Road, Mountain Brook, AL 35223

2721 Cahaba Road, Mountain Brook, AL 35223

 
 

What does the “LT” stand for? Because the LT Shopping Center is the cornerstone of the entire portfolio, it is the lithos timios, or as translated from the Greek, “precious cornerstone”. 

Before acquisition, this corner was a Chevron gas station with an adjacent mechanic and tire shop. It had been a staple in Mountain Brook for some forty plus years, but it had become dilapidated and was not to the HABU (“highest and best use”) for the location. 

This property was acquired on January 19, 2007. It was decided that much more could be done with such an invaluable location, with its best use suited for retail. Retail Specialists, Inc., was instrumental in the investment and market analyses in this decision and strategy. This would mean that a new building would have to be built and that maximum space of the lot achieved before the new city council restrictions took place which limited the size of any new development. 

At this point around April of 2007, demolition, environmental clean-up, and deed restriction removal was directed by the founder, but aided by the talents of Charles Denaburg of Najjar Denaburg. In the end, all was accomplished and the site was ready for build in August of 2007.

The founder hired an exceptional architectural father and son team, Lauren and Brian Barrett, on October 15, 2007, who possessed a solid track record of noteworthy designs. After several consultations, a new building was designed with over 9,100 square feet, included an outside patio and a second floor with balcony seating, an unknown in Mountain Brook, that overlooks the bustling Village Circle.

After a handful of interviews with various construction companies, in March 2008, the founder hired an an aggressive and talented individual, Will Ross, who was with a smaller firm, Nearen Construction at the time. This allowed for construction to begin in April of 2008 by Mr. Ross, who while cutting costs and exceeding the time deadlines, erected a beautiful building which fits the English Tudor style of the Mountain Brook Village, a historic location with development dating back to the 1920’s.

The anchor tenant was signed on February 26, 2008, with a successful restaurateur who spent several months finishing out the interiors of both spaces. The two restaurants were open for business in March of 2009, with very unique concepts in both, one downstairs and one upstairs. However, due to poor management by the owners, mundane food choices, and sloppy service, the tenant was removed from LTSC at the end of 2018. The owner has replaced that one tenant, which operated as two separate restaurants with two new tenants, which are a much better fit for spaces set to open in September of 2019. Upstairs will be renovated and opened as an Asian fusion restaurant and bar by an accomplished and creative chef, Abhi Sainjek. The downstairs space, formerly a whiskey bar, will be operated and owned by David Carrigan, an established bar owner with delicious upscale pub-style food and various craft beers and cocktails.

On February 12, 2009, a year later than the original anchor tenant from 2008, despite the difficult economic climate, the Landlord found and signed a second tenant. This was a high-end nail salon, Envy Nails, owned and operated by Skye Phan, who opened for business in April of 2009. He renewed his latest option and plans to stay for the long term. As of August 2019, he has been at LTSC longer than anyone, and has a tremendously loyal following.

The third initial tenant, Swoop, an upscale children’s retailer, was signed on May 8, 2012. However, after five years of repeated late payments and poor sales, the Landlord decided to replace them with a company that was much more of a fit for Mountain Brook and the space. This tenant is South Oak Title, who has locations in Alabama, Florida, and Tennessee. They were signed to an initial five year lease on March 16, 2018, and consider this latest office as a boutique store, catering to the MB residents for residential and commercial title and closings, with simple, yet high-tech methods. The space renovated and signage out front that South Oak has done is first class, just like their owners and employees.

 
 

Tenants of LT Shopping Center

IMG_6157.jpg

Carrigan’s Public House MTB

Carrigan’s Pub House MTB will be opening its second location at the LT Shopping Center in the coming months! David Carrigan, operator and owner, is an established name in Birmingham, and is well known for his unique, upscale pub food, and his craft cocktails and beer selections. With his new construction, there will be ample seating areas and an enclosed patio, which will provide seating year round for MB locals and his loyal customers of the Birmingham metroplex.

IMG_8688.jpg

Envy Nails

Envy Nails is a high-end salon that serves primarily the Mountain Brook community, but it also serves greater Birmingham. Whether one needs a typical manicure, detailed pedicure, or various foot treatments, Envy Nails is able to accommodate. They also host bridal parties and kids' birthday groups for a fun few hours of pampering. 

15800461_344270339291832_1899025643058755212_o.jpg

Abhi Eatery + Bar Mountain Brook

Abhi Eatery will be opening its second location at LT Shopping Center in the coming months! Abhi, executive chef and owner, is well known and loved in Birmingham for his warm personality and Asian fusion style menu, featuring some popular items like Momos dumplings, the Wham Bam Birmingham sushi roll, and the spicy salmon salad. He will also be serving signature craft cocktails that have become his bartender’s calling card. Being on the second floor, there will be optimum views overlooking Mountain Brook Village for his patrons.

IMG_8691.jpg

South Oak Title Mountain Brook

South Oak Title has several locations in Alabama, Florida, and Tennessee, but now has opened its latest location in the heart of the Mountain Brook community in Mountain Brook Village. South Oak Title creates a better title and closing experience for clients by using cutting-edge technology and customer service that we tailor to meet our client’s needs. Using state of the art closing software we have transformed the way our client’s do business into the best title experience.


FAMILY DOLLAR STORE #28421

1814 WEST BERRY STREET FORT WORTH TX

IMG_7260.jpg
 

 Before describing Family Dollar in general as a corporation, along with its vision, it is pertinent to speak of this store (#28421) in particular. Located east of Texas Christian University, west of Highway 35, south of the famed medical district, and north of Highway 20 and beautiful hill country, this store is in a prime location. New developments are cropping up all around it, thus increasing traffic flow as well as doubling the property’s value in recent years. It is situated on a hard corner at the intersection of two major streets, one being West Berry which leads to TCU’s campus only a mere mile away. Bigger than the typical Family Dollar store, this building is roughly 9,000 square feet and situated on nearly half an acre. Also, in August 2019, Family Dollar renovated the inside of the store as part of the new direction since acquired in 2015 by Dollar Tree, calling it “H2 Renovations,” which included new equipment, a new layout of aisles, and new products, including beer and wine.

Family Dollar Corporate, wholly owned by Dollar Tree (stock symbol DLTR)

When it comes to getting value for everyday items for the entire family in an easy to shop, neighborhood location, Family Dollar is the best place to go. One of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget.

As shoppers enter their neighborhood Family Dollar, they’ll find great values on the name brands they trust in a clean, well-organized store staffed with friendly team members who are members of the local community. The average size of a Family Dollar store is approximately 7,000 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing building and all are convenient to the Company’s customer base.

Family Dollar offers a compelling mix of merchandise for the whole family. Ranging from an expanded assortment of refrigerated and frozen foods and health and beauty items to home décor and seasonal items, Family Dollar offers the lowest possible price, the name brand and quality private-brand merchandise customers need and use every day.

For more about Family Dollar, owned by Dollar Tree, here is a link to their site. https://www.familydollar.com/about-us


TACO CASA IN COLLEGE STATION/BRYAN, TEXAS

616 NORTH EARL RUDDER FREEWAY

Taco Casa franchise restaurant, store #68, opened in 2013 in College Station / Bryan, Texas off state highway 6

Taco Casa franchise restaurant, store #68, opened in 2013 in College Station / Bryan, Texas off state highway 6

About Taco Casa corporate:

Founded in 1972 by Roy and Shelda Upshaw and headquartered in Fort Worth, Texas, Taco Casa was built on the ideas that high quality Tex-mex should be consistent and affordable, while providing friendly and fast service to a loyal customer base with happy employees.  The sixteen-item menu has remained the same since the company’s inception with such customer favorites as the chilada, the super burrito, the tostado, and the chili burger.  Since its founding, Taco Casa has expanded to approximately 100 franchise locations all in the great state of Texas as well as a handful in Oklahoma. With its emphasis on fresh food, consistent quality, and friendly, fast service, Taco Casa has remained unique among its competitors for all these years, and is still going strong in the state with arguably the best economy in the US. Franchisees are highly motivated and monitored by those at HQ, while also being prepared for success in their local franchise. The emphasis on fresh, never frozen, and the controlled expansions over the years have enabled Taco Casa to remain highly successful and to retain enthusiastic customers.

About franchise store #68 in Bryan / College Station:

Libertae Vitae LLC acquired this particular Taco Casa franchise in November 2019. It is located in a prime location off state highway 6, or North Earl Rudder Freeway, situated between Bryan and College Station, Texas. Respectively, these twin cities are home to Blinn College and research-based Texas A & M University, which have a combined enrollment of nearly 100,000 students. The total metropolitan area has a population of nearly 300,000 people, including the college students, and is home to companies such as Fortune 500’s Cognizant , Sanderson Farms, and Reynolds and Reynolds. This region of Texas is part of the “Texas Triangle,” which facilitates the majority of economic activity of over 80% in the state.  LV LLC was fortunate to acquire one of the most profitable TC franchises south of the Dallas-Fort Worth metroplex in this thriving area in Brazos County. The franchise location here was opened in 2013 by a Texas A&M graduate. This store’s success is due to the hard work, consistent performance, and hands-on management by its operators and LV’s tenant, Tim and Ali, who have developed quite the customer fanbase there in Bryan and College Station. They have even made the store’s décor quite unique with Texas A & M University memorabilia and an impressively large mural of the school’s traditions on the wall as seen in the photos. Everything is bigger in Texas as they say!


Industrial Properties & Parcels

In December of 2011, four vacant warehouses and two parcels of land were acquired in Alabama and Florida. The Panama City, Florida property had two warehouses, which was owner-financed in June of 2013, and was paid off in January of 2017. The remaining industrial property with two warehouses is located in Oneonta, Alabama, and is zoned for commercial use to lease or buy. Though one parcel sold in September of 2016, the other remaining  parcel (also located in Oneonta), has a prime location on the main highway that comes into the city. It is zoned for nearly all types of commercial uses. Oneonta is in Blount County, which is approximately 40 miles northeast of Birmingham, AL. 
 

BLOUNT COUNTY WAREHOUSES AND LARGE TRACT ON MAIN HIGHWAY

This commercial-use property has a large warehouse with offices of 12,000 SF, and a smaller warehouse of 1,769 SF that could also serve as office space. The buildings are vacant, and ready to be occupied on short notice. Nearby businesses include Wal-Mart and Blount County Tractor. Both are situated on the largest remaining tract of contiguous land in Blount County, totaling 8.7 acres. with over 300 feet of frontage to Highway 75, the main road in the area. 

Please click the picture below to begin the slideshow below for this one-of-a-kind property. 

VACANT PARCEL ON MAIN HIGHWAY

 This vacant parcel is located directly off Highway 231 and Champion Road, and is situated near other businesses and across from a nice residential neighborhood. Zoned for commercial use, it is ready to be developed and has fantastic visibility for any business. It is 4 acres with 200+ feet of frontage. 

Please click the picture below to begin the slideshow below for this unique property. 


SOLD!—-Greystone Chick-Fil-A History

GREYSTONE CFA - INTERSECTION OF HIGHWAYS 280 & 119 BIRMINGHAM, AL

GREYSTONE CFA - INTERSECTION OF HIGHWAYS 280 & 119 BIRMINGHAM, AL

 
 

From dilapidated C-Store to dynamic Chick-Fil-A store

Beginning in March of 2013, Libertae Vitae, LLC began discussions with Chick-Fil-A management regarding one of C-Stores that LV, LLC owned located in a prime location in the metroplex. A Letter of Intent was executed on April 30, 2013, and after further negotiations, an executed lease was executed on July 8, 2013. While the finalization seemed to be a fait accompli, the inspection period lasted for several months due to various obstacles from the Alabama Department of Transportation (ALDOT).

In May 2014, the inspection period ended, and both parties executed amendments for gaining access to adjacent streets and for ingress roadwork. ALDOT surprisingly approved the final designs, and CFA waived the remaining Permitting Period on July 30, 2014. LV, LLC had to fulfill its final obligation, which was to demolish the vacated C-store and get environmental clearance so that the Commencement Period of 120 days could begin, thus putting the date of receiving the first check that much faster. 

LV, LLC, in August 2014, began process of demolition for the now vacated C-store, though interviews and vetting had begun with various parties in June of 2013. As with other projects, the founder sticks to the criteria of excellent execution, fair cost, and fast speed as the determining factors. Milam & Co. began demotion of the old C-store in August 2014, and environmental testing of the soil and water was done by PPM.  

It was during this time of demolition and environmental work, that a Second Amendment was executed on September 12, 2014, between LV, LLC and CFA for vapor mitigation system financing. The environmental clearance letter was obtained on September 18, 2014, thus allowing CFA to begin building the new store. After a few more weeks of preparing the site, it was on October 10, 2014 that CFA acknowledged that LV, LLC had done all that was required. Libertae Vitae would officially be the ‘new’ landlord, and thus, the Commencement Period of 120 days began. CFA began in November 2014 and finished construction in late February 2015. Rent Commencement began on February 9, 2015, and the new restaurant opened officially on March 12, 2015.

After two years of work and overcoming various obstacles, the owner at Libertae Vitae came to appreciate why he got involved with such a product in first place — a great tenant that provides a desired product, as well as an increase in the value of the property. This project is truly a “win-win-win” for LV, LLC, for CFA due to the location and for those customers who live and work nearby. Without a doubt, the surrounding communities have embraced CFA Greystone, as this store is actively involved in participating at local events. 

This particular store, "Greystone," is aptly named since it is adjacent to the prestigious Greystone Country Club and its residential developments. The location in Shelby County is on a large corner lot, situated at the intersection of two major highways in Birmingham, Highway 280 and Highway 119. The store serves the residents and businesses of Hoover, Inverness, and most of Shelby County. The long-term vision of both Libertae Vitae and Chick-Fil-A Greystone is that it graciously serves surrounding communities, but also to hopefully be one of the highest grossing stores in the nation.

 
 
 

SOLD!—-C-Store History & Tenants

 
 

History

In December of 2011, several convenience stores were acquired by LV, LLC, which had existing long-term leases. Some of those stores have been sold or converted to another use, while others remain open for sale. One of the properties sold was in Irondale, AL, and another was converted to HABU, making way for Libertae Vitae’s most recognizable tenant - Chick-Fil-A. The remaining five C-Stores currently are situated in ideal locations within the Birmingham metroplex. All of the stations are exclusively provided with Shell gasoline and have various dealers who manage the inside sales and care of the stations. 
 

What exactly is a "c-store"?

"C-store" is simply short for "convenience store", or as most people call them, "gas stations." But, this is a bad label as some C-stores take in more revenues from inside sales of food, drinks, tobacco, and miscellaneous groceries. In fact, some have alcohol as the primary revenue source! According to the National Association of Convenience Stores Constitution and Bylaws, the definition is: "...a retail business with primary emphasis placed on providing the public a convenient location to quickly purchase from a wide array of consumable products (predominantly food or food and gasoline) and services." 

convenience store hcmc.jpg

What is an "octane number"?

When a fuel is rated "87 octane," it contains 87% octane and 13% of some other fuel like heptane. This ratio signifies how much the fuel can be compressed before it spontaneously ignites. The higher the octane, the more compression is possible, hence its use in high-performance vehicles. Octane gas comes in different grades, ranging typically from 87 to 92, with each number on the grade representing the resistance to burn the fuel has. The higher the octane rating, the slower the ignition or burn. 

Octane is a refined fuel which derives its name because there are eight carbon atoms chained together. This fuel is more stable than other types, and therefore, it is able to be used in internal combustion engines.