Absolute NNN Ground Lease Sale-Whataburger 111 Resource Center Pky

Investment Highlights

Absolute NNN Ground Lease 3-5 Year options remaining with rent increases 15 year original lease term with 8 years remaining

Executive Summary

Engel Realty Company, LLC as the exclusive listing broker, is pleased to present the opportunity to purchase lease fee interest in a Absolute NNN investment, Whataburger located on Highway 280 in Birmingham, AL.Located on one of the highest trafficked retail submarkets Highway 280 corridor, averaging nearly 90,000 vehicles per day. Located 1/2 mile from Target super center and other national retailers nearby include Fresh Market, Home Depot, 2 Chick Filets. The subject property sits on 1.75 acres and each property is parceled. Whataburger is 1.75 acres. Whataburger has 8 years (March 2032) remaining on its original lease term. Whataburger has 3-Five year options remaining with increases.

• Sale Type    Investment NNN
• Sale Condition    Ground Lease (Leased Fee)
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food Freestanding
• Building Size    3,563
• Building Class    B
• Year Built    2016
• Price    2,577,272
• Price Per SF    723
• Cap Rate    4.40
• NOI    113,400
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.75 AC

• Drive Thru