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Freddy's Frozen Custard & Steakburgers 3720 Mary Taylor Rd 2,964 SF Retail Building Birmingham, AL 35235 $2,357,725 ($795.45/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in Birmingham, the largest MSA in Alabama
- Absolute triple net lease with no landlord responsibilities
- Regional retail destination that includes Target, The Home Depot, Lowe’s, Best Buy, Hobby Lobby, and The Pinnacle (a 644K SF lifestyle center)
- New 20-year lease with10% annual rental increases every five years
- Affluent area with average annual household income of over $122,000 within one mile
- Positioned just north of the Interstate 59 and Interstate 459 interchange
PROPERTY FACTS
AMENITIES
- Signage
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Freddy grew up on a farm near Colwich, Kansas, just outside of Wichita. After finishing high school, Freddy enlisted in the U.S. Army, serving in the Pacific Rim region during World War II. A self-proclaimed “regular guy”, he was awarded the Purple Heart for injuries sustained during service, as well as a Bronze Star for valor. Freddy then returned to Kansas, started a family, worked hard in the hospitality industry for 56 years, and raised six children with his wife, Norma Jean. Freddy's family values and patriotic service to his country is the foundation of Freddy's Frozen Custard and Steakburgers®, and these values have inspired them to do everything The Freddy's Way.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-00-27-4-002-001.009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $231,420 |
PROPERTY TAXES
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Freddy's Frozen Custard & Steakburgers | 3720 Mary Taylor Rd
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