5029 Pinnacle Sq - Restaurant FOR SALE
Trussville, AL 35235 |
5029 Pinnacle Sq
Trussville, AL 35235
HIGHLIGHTS
- 100% OCCUPIED BY NATIONAL RESTAURANT - RED ROBIN – ON A SINGLE-TENANT GROUND LEASE SINCE 2007 WITH TERM THROUGH 2025
- CORPORATELY-GUARANTEED BY RED ROBIN INTERNATIONAL, INC. WITH THREE (5-YEAR OPTIONS), including scheduled rent escalations
- SITUATED WITHIN PINNACLE AT TUTWILER FARM – A REGIONAL RETAIL DESTINATION RECENTLY UNDER NEW OWNERSHIP, which is investing heavily in the Center
- WELL-POSITIONED FRONTING I-59, JUST SOUTH OF THE I-59/I-459 INTERCHANGE, which accommodates a combined traffic count of 97,495 VPD
- SYNERGISTIC ADJACENT CONSUMER DRAWS include Super Target, The Home Depot, Lowe’s, Academy Sports, Michaels, Best Buy, Belk, At Home, JCPenney, & More
- SOLID DEMOGRAPHIC PROFILE WELL-FIT FOR RED ROBIN, marked by a growing population of 91,072 people within a 5-mile radius,& an Avg. HH Income of $70K
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Corporate Red Robin Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
6350
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
120
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
12-00-28-4-000-001.004
