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Zaxby's 1548 Montclair Rd 2,799 SF Retail Building Birmingham, AL 35210 $2,590,916 ($925.66/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITY | 2% ANNUAL INCREASES | OPTIONS EXTEND INTO 2062
- BEST-IN-CLASS OPERATOR | CAPITALSPRING
- EXCELLENT DEMOGRAPHICS | OVER 125K 5-MILE POPULATION | OVER $124K AVG ANNUAL HH INCOME
- LESS THAN 10 MINUTES FROM BIRMINGHAMSHUTTLESWORTH INTERNATIONAL AIRPORT
- 1-MILE FROM HWY 78 AND I-20 INTERCHANGE | COMBINED 80,559 VPD
- DENSE IMMEDIATE RETAIL TRADE AREA | CLOSE PROXIMITY TO SEVERAL NATIONAL BIG BOX RETAIL TENANTS AND RESTAURANTS
EXECUTIVE SUMMARY
Northmarq Restaurant Group is pleased to offer for sale this exclusive single-tenant Zaxby's property in Birmingham, Alabama. This investment offers a fee simple, Absolute NNN opportunity with 17 years remaining on a 20 year lease, and 4 x 5 year options thereafter. The asset features rare 2% annual increases throughout term and in options, providing significant passive income and creating a steady hedge against inflation.
Zaxby's is surrounded by several national big box retail tenants including Walmart, The Home Depot, Publix, and the nearby Eastwood Plaza Shopping Center. The Property is also less than one mile from a new Amazon distribution and delivery warehouse. The site is well positioned, less than 10 minutes to the Birmingham- Shuttlesworth International Airport and 15 minutes from Downtown Birmingham. Zaxby's is less than 5 miles from two major developments in the Birmingham area, Edgehill at Southtown, a mixed use commercial district, and Maiden Heights, a luxury residential master planned community.
Zaxby's is surrounded by several national big box retail tenants including Walmart, The Home Depot, Publix, and the nearby Eastwood Plaza Shopping Center. The Property is also less than one mile from a new Amazon distribution and delivery warehouse. The site is well positioned, less than 10 minutes to the Birmingham- Shuttlesworth International Airport and 15 minutes from Downtown Birmingham. Zaxby's is less than 5 miles from two major developments in the Birmingham area, Edgehill at Southtown, a mixed use commercial district, and Maiden Heights, a luxury residential master planned community.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
2,799 SF
Building Class
B
Year Built/Renovated
2006/2009
Price
$2,590,916
Price Per SF
$925.66
Cap Rate
6%
NOI
$155,455
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.67 AC
Zoning
C-B2 - General Business District
Frontage
107’ on Montclair Rd
AMENITIES
- Corner Lot
- Freeway Visibility
- Restaurant
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-00-26-3-006-015.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $211,720 |
PROPERTY TAXES
Parcel Number
23-00-26-3-006-015.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$211,720
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Zaxby's | 1548 Montclair Rd
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