5301 US 280 - Restaurant FOR SALE


Birmingham, AL 35242
$4,222,222 USD
205-236-0617
5301 US 280, Birmingham, AL for Sale
$4,222,222 USD
Restaurant - FOR SALE
1/11
null | 4.5% Cap Rate

5301 US 280
Birmingham, AL 35242


HIGHLIGHTS

  • Premier Corner Position: Visible at the intersection of Highway 280 and Meadow Lark Drive, sharing an entrance with Walmart and Brook Highland Plaza.
  • Unmatched Retail Traffic: Walmart and Brook Highland Plaza receive over 440K monthly visits (5.2M+ annually) from nearly 220K unique visitors.
  • Proven Site: Formerly home to Lloyd’s Restaurant, which ran successfully for 38 years, validating the location's long-term strength for restaurant use
  • High Visibility & Access: Exposure to over 80,000 vehicles per day along Highway 280, Birmingham’s dominant retail and commuter corridor.
  • Affluent Trade Area: Serves surrounding high-income communities, including Mountain Brook, Vestavia Hills, Homewood, Inverness, and Greystone.
  • 10% rent increases every five years, and up to 65 years of potential lease term.

OVERVIEW

Raising Cane’s at 5301 Highway 280 represents one of the most premier quick-service restaurant sites in the Southeast United States. Positioned along Birmingham’s dominant retail corridor, the property benefits from direct exposure to more than 80,000 vehicles per day. Highway 280 connects some of the region’s most affluent residential communities, including Mountain Brook, Homewood, Vestavia Hills, Inverness, and Greystone, which drives unmatched purchasing power. Placed at the heart of the region’s primary retail hub, the property is located at the intersection of Highway 280 and Meadow Lark Drive between two major retail anchors, a high-performing Walmart Supercenter and the Brook Highland Plaza Power Center, and it shares an access drive serving both. Combined, these centers generate more than 5.2 million annual visits and attract nearly 220,000 unique shoppers each year, according to Placer.ai. The region’s retail landscape features household names such as Lowe’s, Burlington, Best Buy, Winn-Dixie, PGA Tour Superstore, Chick-fil-A, Starbucks, CAVA, Chipotle, and Whataburger, among others. Additionally, the Grandview Medical Center is just 2.9 miles away, providing an added built-in customer base of patients, staff, and visiting families. This concentration of leading brands and major demand drivers fosters continuous cross-shopping, consistent customer traffic, and lasting stability for both food and retail operators. The site also carries a long history of success for restaurant operations. Lloyd’s Restaurant operated for 38 years at this address before the owner’s passing and the subsequent sale of the property. That legacy underscores the site’s proven ability to support both full-service and quick-service dining with high-volume customer traffic. This is a rare opportunity to acquire the first Raising Cane’s serving the Birmingham area and the third in Alabama. Raising Cane’s ranks among the nation’s fastest-growing quick-service restaurant brands, opening a record 118 new locations in 2024 and expanding to over 900 restaurants in 42 states. With a strong brand identity, active word-of-mouth, and robust social media presence, Raising Cane’s maintains impressive sales at individual locations, averaging $6.6 million annually. 5301 Highway 280 will feature a double drive-through format, a proven design for high-volume trade areas that increases throughput, shortens service times, and enhances store-level sales performance. The asset is secured by a new 15-year absolute NNN ground lease with Raising Cane’s, with 10 percent rent increases every five years, providing predictable income growth and long-term inflation protection. With 10 five-year renewal options included, this location offers a secure investment with a potential lease term of up to 65 years. Investors benefit from zero landlord responsibilities and irreplaceable real estate at the core of Alabama’s highest-performing retail corridor. (Lease to commence upon completion of construction). Raising Cane’s avid fanbase, “Caniacs”, will be able to easily reach the location thanks to convenient placement directly off the intersection of Highway 280 and Highway 119, with nearby connections for Interstate 459. These vital arteries allow the location to tap into an affluent customer base within 10 miles of the 5301 US 280, including more than 299,000 residents and daytime workforce of over 274,000. Locals in the area earn an impressive household income of more than $123,000 and produced annual spending surpassing $4.2 billion during 2024, underscoring the market’s strength and the property’s unique appeal for investors seeking stable cash flow and long-term growth prospects. This rare opportunity will not last long; contact the Marcus & Millichap team today to learn more about this incredible offer.

FOR SALE DETAILS

PRICE

$4,222,222 USD

PRICE/SF

$1,393 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,272 SF

ZONING

B-2

APN/PARCEL ID

03-9-31-0-001-052-000

ASK ABOUT THIS PROPERTY

Chapman BrownMarcus & MillichapMore Info
205-236-0617

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Chapman BrownMarcus & MillichapMore Info
205-236-0617

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