7015 Meadowlark Dr - Retail FOR SALE


Birmingham, AL 35242
$2,273,000 USD
949-506-2009
7015 Meadowlark Dr, Birmingham, AL for Sale
$2,273,000 USD
Retail - FOR SALE
1/9
null | 5.5% Cap Rate

7015 Meadowlark Dr
Birmingham, AL 35242


HIGHLIGHTS

  • Brand New 20-Year Absolute NNN Ground Lease | New Construction
  • Absolute NNN | Passive Investment | Zero Landlord Responsibilities
  • Outparcel to Walmart Supercenter | U.S. Highway 280 (95,600 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the Leased fee interest (land ownership) in an absolute NNN leased, 7 Brew Coffee investment property located in Birmingham, Alabama. The tenant, Southern Brew Corp, recently signed a brand new 20 year lease, demonstrating their commitment to the site. Southern Brew Corp is Tacala Companies’ entity for its 7 Brew locations, which stands at 38+ today. Tacala Companies is one of the most successful Taco Bell operators in the country with nearly 400 locations. The lease features 1% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,273,000 USD

PRICE/SF

$4,354 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New 7 Brew | 20-Year GL | Walmart Outparcel

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

B-2

APN/PARCEL ID

03-9-31-0-001-051-000

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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