1482 Montgomery Hwy - Fast Food FOR SALE


Birmingham, AL 35216- Hoover/Vestavia Hills
$1,917,000 USD
949-519-1667
1482 Montgomery Hwy, Birmingham, AL for Sale
$1,917,000 USD
Fast Food - FOR SALE
1/9
null | 6% Cap Rate

1482 Montgomery Hwy
Birmingham, AL 35216
Hoover/Vestavia Hills


HIGHLIGHTS

  • Over 9 Years Remaining | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
  • Near Signalized, Hard Corner Intersection | Interstate 65 (128,600 VPD) | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Arby’s investment property located in Vestavia Hills (Birmingham MSA), Alabama. The tenant, Arby’s, has over 9 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Arby’s, founded in 1964, is the second-largest sandwich restaurant brand in the world with more than 3,600 restaurants in nine countries. It is an Subsidiary of Inspire Brands. Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth.

FOR SALE DETAILS

PRICE

$1,917,000 USD

PRICE/SF

$602 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Arby's | 10-Yr NNN | ±32,500 VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

General Commercial

APN/PARCEL ID

39-00-01-2-000-045.000

ASK ABOUT THIS PROPERTY

George GomezSRS National Net LeaseMore Info
949-519-1667

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George GomezSRS National Net LeaseMore Info
949-519-1667

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.