5533 Vanlerberghe Ln - Restaurant FOR SALE


Trussville, AL 35173
$6,285,715 USD
205-394-3520
5533 Vanlerberghe Ln, Trussville, AL for Sale
$6,285,715 USD
Restaurant - FOR SALE
1/5
null | 7% Cap Rate

5533 Vanlerberghe Ln
Trussville, AL 35173


OVERVIEW

• Brand-new, 15-year, absolute NNN lease with one of the fastest growing restaurant concepts in the country • Fixed, 10% rental increases every 5 years in both the initial term and option periods • Attractive, blended yield of 7.72% over the base lease term • Full-term, personal guarantees from the principal operators | Speak with Agent for details • Tenant was the 2022 Franchisee of the Year recipient • Excellent access and visibility from Gadsen Highway | ±27,000 VPD • State-of-the-art 2023 construction and one of Walk-On’s newest prototype designs which includes roll up windows to allow for an indoor/outdoor dining experience • Asset is part of the Hamilton Marketplace Development | Will include a new Shell gas station and convenience store as well as several other tenants • New developments within walking distance include Orangetheory Fitness, Chicken Salad Chick, Tropical Smoothie Café, CSM Champion Sports Medicine, Club4Fitness, Taco Mama, Metro Diner, among others • Less than 1.5 miles from – The Pinnacle | A 75+ acre lifestyle center containing 445k+ SF of retail shops | Anchor tenants include JCPenney, Best Buy, AtHome, and Belk – Promenade Tutwiler Farm | Power center anchored by Home Depot, Super Target, Academy Sports, and T.J. Maxx • Industry-leading average unit volume over $5MM across 77+ restaurants | 75+ locations in some phase of planning or development across 15 states • Affluent area | The average HH income of ±$109,000 within a 1-mile radius • Across the street from a Winn-Dixie-anchored shopping center • Located about 4 miles from the Birmingham Race Course Casino

FOR SALE DETAILS

PRICE

$6,285,715 USD

PRICE/SF

$810 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walk-On's | Top Location in the Country

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

QC2

APN/PARCEL ID

1200262006029011

ASK ABOUT THIS PROPERTY

Adam BaxterStream Capital PartnersMore Info
205-394-3520

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Adam BaxterStream Capital PartnersMore Info
205-394-3520

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