566 1st N st - Fast Food FOR SALE
Alabaster, AL 35007 |
$2,762,000 USD
714-404-8849
566 1st N st
Alabaster, AL 35007
HIGHLIGHTS
- Brand New 15 Year Lease | Corporate Guaranteed |March 2026 Grand Opening | Scheduled Rental Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- US-31/1st Street N (25,600 VPD) | Interstate 65 (67,000 VPD) | Propst Promenade (725,000 SF)
- Baptist Health Shelby Hospital | Primary Retail Corridor
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
OVERVIEW
• Tenant recently signed a brand new 15-year build to suit to lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• Lease is corporate guaranteed by Boersma Bros LLC
• Scheduled for March 2026 grand opening
• Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation
FOR SALE DETAILS
PRICE
$2,762,000 USD
PRICE/SF
$2,907 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dutch Bros | New 15yr Corp Abs NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,572 SF
ZONING
B3
APN/PARCEL ID
13-7-35-4-001-005-000
ASK ABOUT THIS PROPERTY
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714-404-8849
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714-404-8849
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