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Former Burger King 410 Pelham Rd N 3,050 SF Retail Building Jacksonville, AL 36265 $1,200,000 ($393.44/SF) 9.28% Cap Rate
Investment Highlights
- Proven freestanding drive-thru pad that ran as a Burger King for two decades before going dark.
- Minutes from Jacksonville State, a 10,000+ student D1 university that has grown five straight years.
- Leased to Nashville Quality, LLC, a wholly-owned subsidiary of Restaurant Brands International NYSE: QSR
- Fronts Pelham Road (AL-21), a 22,000+ VPD artery linking I-20, US-431, and US-278 and the direct route to Jacksonville State University.
- Surrounded by national credit retailers.
- 7 years of contractual rent remaining ($860,000 in income)
Executive Summary
AMC Real Estate Investment Services is pleased to present the single-tenant Burger King at 410 Pelham Road North in Jacksonville, Alabama. This freestanding, hard-corner drive-thru pad is leased to Nashville Quality, LLC, a subsidiary of Restaurant Brands International (NYSE: QSR). With roughly 7 years of RBI-backed rent remaining ($860,000) against a basis of about $340,000, a buyer collects income well below QSR pricing and replacement cost.
The lease is true absolute NNN with zero landlord responsibilities, and rent bumps 10% every 5 years, taking NOI to $122,452 in August 2028.
Fronting Pelham Road (AL-21) at 22,000+ VPD and minutes from Jacksonville State University, the pad anchors a proven retail node alongside Chick-fil-A, Starbucks, and McDonald's, and it's positioned to re-tenant quickly once the lease rolls.
The lease is true absolute NNN with zero landlord responsibilities, and rent bumps 10% every 5 years, taking NOI to $122,452 in August 2028.
Fronting Pelham Road (AL-21) at 22,000+ VPD and minutes from Jacksonville State University, the pad anchors a proven retail node alongside Chick-fil-A, Starbucks, and McDonald's, and it's positioned to re-tenant quickly once the lease rolls.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,050 SF
Building Class
C
Year Built
1998
Price
$1,200,000
Price Per SF
$393.44
Cap Rate
9.28%
NOI
$111,320
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
29 Spaces (9.51 Spaces per 1,000 SF Leased)
Frontage
156’ on Pelham Rd N
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-06-14-1-001-029.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $151,560 |
Property Taxes
Parcel Number
12-06-14-1-001-029.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$151,560
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