Corporate Arby's | 10-Yr NNN | ?32,500 VPD 1482 Montgomery Hwy

1482 Montgomery Hwy , Birmingham, Alabama, 35216 | 3,187 sq.f | $ 2,091,000

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About This Restaurant

Investment Highlights

Executive Summary

? Absolute NNN lease | Passive investment | Zero Landlord responsibilities? 10-year corporately guaranteed lease | 7.50% increases every 5 years throughout initial term and options? Renovated building | Corporate renovated the site to match the modern Arby?s concept? Strong traffic counts | Located on Montgomery Hwy which sees ?32,500 VPD ? Great visibility & access from Interstate 65 | Boasts ?125,000 VPD? Densely populated area | 153,000+ residents within a 5-mile radius? Affluent surrounding area | Average household income of $111,537 within a 15-minute drive of Arby?s? Nearby destination retailers include: Publix, Walgreens, Burlington, Starbucks, Taco Bell, Chick-Fil-A, Burger King, Krispy Kreme, Subway,Baskin-Robbins, Bojangles, Waffle House, Verizon, Chevron, & Shell? 15 minutes from the University of Alabama at Birmingham | 22,500 students? 15 minutes from Hoover High School (2,950 students) & Vestavia Hills High School (2,030 students)? Proximity to numerous car dealerships such as Buick, GMC, Nissan, Honda, Cadillac, Acura, Chevrolet, Dodge, Jeep, Ram, Chrysler,Volkswagen, & Volvo

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
  • Building Size    3,187
  • Building Class    B
  • Year Built    1998
  • Price    2,091,000
  • Price Per SF    656
  • Cap Rate    5.50
  • NOI    115,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.11
  • Land Acres    0.68 AC

Amenities

  • Bus Line
  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Drive Thru

Nearby Amenities & Transportation

Retail Waffle House
Retail Truist
Retail Taziki's Mediterranean Cafe
Retail Wingstop
Retail Cadence Bank
Retail Regions Bank
Retail Publix
Retail Starbucks
Retail Krystal
Retail United Community Bank

Property Taxes

Parcel Number 39-00-01-2-000-045.000 Improvements Assessment $117,560
Land Assessment $113,300 Total Assessment $230,860
Date Created: 2024-07-16 04:09:19 Last Updated: 2024-07-16 04:09:19
Address: 1482 Montgomery Hwy , Birmingham, Alabama, 35216