1428 Forestdale Blvd - Fast Food FOR SALE


Birmingham, AL 35214
$1,400,000 USD
205-365-3228
1428 Forestdale Blvd, Birmingham, AL for Sale
$1,400,000 USD
Fast Food - FOR SALE
1/13
null | 4.86% Cap Rate

1428 Forestdale Blvd
Birmingham, AL 35214


HIGHLIGHTS

  • Absolute NNN with zero landlord responsibilities
  • Located in a busy retail corridor
  • Traffic count of over 22,000 VPD

OVERVIEW

Presenting the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment property located in the Forestdale Community in Birmingham, AL (Birmingham AL MSA). The tenant, Church's Chicken, has 4 years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases every year throughout the initial term and each option period, steadily growing NOI. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The asset is located in a busy retail corridor with a traffic count of over 22,000 VPD.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$513 USD /SF

CAP RATE

4.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

C-1

APN/PARCEL ID

22-00-18-2-010-048.000

ASK ABOUT THIS PROPERTY

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205-365-3228

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205-365-3228

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