1548 Montclair Rd - Retail FOR SALE


Birmingham, AL 35210- Crestline
$2,590,916 USD
858-344-1915
1548 Montclair Rd, Birmingham, AL for Sale
$2,590,916 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

1548 Montclair Rd
Birmingham, AL 35210
Crestline


HIGHLIGHTS

  • ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITY | 2% ANNUAL INCREASES | OPTIONS EXTEND INTO 2062
  • LESS THAN 10 MINUTES FROM BIRMINGHAMSHUTTLESWORTH INTERNATIONAL AIRPORT
  • BEST-IN-CLASS OPERATOR | CAPITALSPRING
  • 1-MILE FROM HWY 78 AND I-20 INTERCHANGE | COMBINED 80,559 VPD
  • EXCELLENT DEMOGRAPHICS | OVER 125K 5-MILE POPULATION | OVER $124K AVG ANNUAL HH INCOME
  • DENSE IMMEDIATE RETAIL TRADE AREA | CLOSE PROXIMITY TO SEVERAL NATIONAL BIG BOX RETAIL TENANTS AND RESTAURANTS

OVERVIEW

Northmarq Restaurant Group is pleased to offer for sale this exclusive single-tenant Zaxby's property in Birmingham, Alabama. This investment offers a fee simple, Absolute NNN opportunity with 17 years remaining on a 20 year lease, and 4 x 5 year options thereafter. The asset features rare 2% annual increases throughout term and in options, providing significant passive income and creating a steady hedge against inflation. Zaxby's is surrounded by several national big box retail tenants including Walmart, The Home Depot, Publix, and the nearby Eastwood Plaza Shopping Center. The Property is also less than one mile from a new Amazon distribution and delivery warehouse. The site is well positioned, less than 10 minutes to the Birmingham- Shuttlesworth International Airport and 15 minutes from Downtown Birmingham. Zaxby's is less than 5 miles from two major developments in the Birmingham area, Edgehill at Southtown, a mixed use commercial district, and Maiden Heights, a luxury residential master planned community.

FOR SALE DETAILS

PRICE

$2,590,916 USD

PRICE/SF

$926 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxby's

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C-B2

APN/PARCEL ID

23-00-26-3-006-015.000

ASK ABOUT THIS PROPERTY

Maggie BradyNorthmarqMore Info
858-344-1915

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Maggie BradyNorthmarqMore Info
858-344-1915

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