20 Springville Sta
Springville, AL 35146
Burger King - Springville, AL · Retail Property For Sale

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 20 Springville Station Lane, Springville, Alabama. The property consists of 1.12 acres improved with an approximately 3,410-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $106,250 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options.? The new restaurant is a Walmart out parcel that sits snuggly between I-59 and U.S. Highway 11. It is the first accessible property restaurant off of exit 156 from I-59. Springville, is located less than 30 miles from downtown Birmingham. Springville is flanked by metropolitan Birmingham to the southwest and the industrial towns of Gadsden and Rainbow City to the northeast, ensuring both daytime and evening traffic. The site is also within a 500 ft of I-59 a road that boasts nearly 20,000 vehicles per day. Nearby retailers include Walmart, Taco Bell, Zaxby’s, Waffle House, Pizza Hut and Dollar Tree. ?