652 1st St N - Fast Food FOR SALE


Alabaster, AL 35007
$1,566,843 USD
205-803-3000
652 1st St N, Alabaster, AL for Sale
$1,566,843 USD
Fast Food - FOR SALE
1/8
null | 5.67% Cap Rate

652 1st St N
Alabaster, AL 35007


HIGHLIGHTS

  • Operating at this location since 1988
  • Total NNN lease with gross sales provision as additional rent
  • Four (4) five-year lease options remain
  • 10% rental adjustment per option

OVERVIEW

REDUCED PRICE Located next to the Shelby Baptist Medical Center along the busy Highway 119 corridor, this Arby's restaurant presents a prime investment opportunity. The property features an existing five-year, renewable corporate lease set to expire in September 2029, with four additional five-year options remaining. Each option includes a 10% rental adjustment, ensuring a steady increase in rental income. Arby's assumed the lease from Jack's Family Restaurant in 1988 and has been successfully operating at this location ever since. This property offers a stable and lucrative investment with the potential for long-term growth. Don't miss out on this exceptional opportunity to invest in a well-established location with a reliable tenant.

FOR SALE DETAILS

PRICE

$1,566,843 USD

PRICE/SF

$643 USD /SF

CAP RATE

5.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,556 SF

ZONING

-

APN/PARCEL ID

13-7-35-4-001-002-000

ASK ABOUT THIS PROPERTY

Marc PerlmanLeitman-Perlman Inc.More Info
205-803-3000

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Marc PerlmanLeitman-Perlman Inc.More Info
205-803-3000

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