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Zaxby's 2735 John Hawkins Pky 4,205 SF Retail Building Birmingham, AL 35226 $4,500,000 ($1,070.15/SF) 6% Cap Rate
Executive Summary
LONG-TERM COMMITMENT: 20 year absolute NNN lease with over 17 years remaining and three, 5 year options to extend
LARGEST FRANCHISEE GUARANTEE: The lease is backed by Rise and Roost Holdings, the largest Zaxby’s franchisee with over 100 units across the southeast
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term
AFFLUENT SURROUNDING DEMOGRAPHICS: Located in the growing Birmingham MSA of Hoover, the property is anchored by a prosperous customer base, with average household incomes exceeding $114,145 within a 5-mile radius
WELL POSITIONED WALMART-ADJACENT SITE: Situated directly across from an established Walmart-anchored center along John Hawkins Parkway (37,120+ VPD), the property benefits from relentless big-box-driven consumer traffic and commanding visibility—positioning the site within a proven daily-needs destination
BIRMINGHAM MSA: Located in the Birmingham-Hoover MSA—Alabama’s largest metro—home to approximately 1.18 million residents and backed by a diversified $79 billion economy
LARGEST FRANCHISEE GUARANTEE: The lease is backed by Rise and Roost Holdings, the largest Zaxby’s franchisee with over 100 units across the southeast
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term
AFFLUENT SURROUNDING DEMOGRAPHICS: Located in the growing Birmingham MSA of Hoover, the property is anchored by a prosperous customer base, with average household incomes exceeding $114,145 within a 5-mile radius
WELL POSITIONED WALMART-ADJACENT SITE: Situated directly across from an established Walmart-anchored center along John Hawkins Parkway (37,120+ VPD), the property benefits from relentless big-box-driven consumer traffic and commanding visibility—positioning the site within a proven daily-needs destination
BIRMINGHAM MSA: Located in the Birmingham-Hoover MSA—Alabama’s largest metro—home to approximately 1.18 million residents and backed by a diversified $79 billion economy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,205 SF
Building Class
C
Year Built/Renovated
2008/2023
Price
$4,500,000
Price Per SF
$1,070.15
Cap Rate
6%
NOI
$270,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.98 AC
Zoning
CPR4
Parking
34 Spaces (8.09 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 39-00-23-3-000-020.003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $309,180 |
Property Taxes
Parcel Number
39-00-23-3-000-020.003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$309,180
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