4671 Highway 280 - Restaurant FOR SALE


Birmingham, AL 35242
$2,673,220 USD
310-486-9900
4671 Highway 280, Birmingham, AL for Sale
$2,673,220 USD
Restaurant - FOR SALE
1/3
null | 5.9% Cap Rate

4671 Highway 280
Birmingham, AL 35242


HIGHLIGHTS

  • 20-Year Absolute NNN Lease With Rent Increases Lease Commenced September 2015 With No Landlord Responsibilities 7.5% Rent Increases Every 5 Years
  • Guaranteed by 53 Unit Franchisee Subsidiary of KFK Group, a 90+ unit QSR operator of Wendy’s, Taco Bell and TGI Fridays
  • Constructed in 2021 to Latest Wendy’s Prototype ±3,349 SF Building on ±0.45 Acres | Signalized Hard Corner
  • Low Rent-to-Sales Ratio (Inquire with Broker)
  • Birmingham MSA - Alabama's Largest MSA with 1.2Million Population
  • Wendy’s Is a Top-3 Global QSR Brand With Growth Momentum

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Wendy’s located at 4671 Highway 280 Birmingham, AL 35242. The property is leased on a brand-new 20-year absolute NNN lease that commenced in September 2015. The lease features 7.5% rent increases every five years and includes Four (4) five-year renewal options. There are zero landlord responsibilities, and the lease is personally guaranteed by Southeast Restaurant Group, a 53-unit entity which is a subsidiary of KFK group that owns and operates 90+ QSR’s across Seven States. This ±3,349-square-foot building sits on a ±0.45-acre parcel and was constructed in 2021 to meet the brand’s latest prototype standards. It is located along Highway 280 (±86,000 VPD), on a signalized hard corner, adjacent to a Home Depot-anchored center and other national tenants such as Taco Bell, Walgreens, Kohl’s, Winn Dixie, Starbuck’s and AutoZone. The surrounding area features a strong mix of residential neighborhoods, senior housing, and retail services. Wendy’s is the third-largest quick-service hamburger chain in the world, with over 7,000 locations and more than $12 billion in annual revenue. As the franchise system expands toward 1,000 net new units by 2028, this location provides a highly strategic, long-term investment opportunity backed by brand strength, a passive lease structure, and strong real estate fundamentals.

FOR SALE DETAILS

PRICE

$2,673,220 USD

PRICE/SF

$798 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

02-7-36-0-001-002-008

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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