Corporate Arby's | 10-Yr NNN | ±32,500 VPD | 1482 Montgomery Hwy
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Corporate Arby's | 10-Yr NNN | ±32,500 VPD 1482 Montgomery Hwy
3,187 SF Retail Building Birmingham, AL 35216 £1,578,000 (£495/SF) 5.75% Net Initial Yield
Executive Summary
• Absolute NNN lease | Passive investment | Zero Landlord responsibilities
• 10-year corporately guaranteed lease | 7.50% increases every 5 years throughout initial term and options
• Renovated building | Corporate renovated the site to match the modern Arby’s concept
• Strong traffic counts | Located on Montgomery Hwy which sees ±32,500 VPD
• Great visibility & access from Interstate 65 | Boasts ±125,000 VPD
• Densely populated area | 153,000+ residents within a 5-mile radius
• Affluent surrounding area | Average household income of $111,537 within a 15-minute drive of Arby’s
• Nearby destination retailers include: Publix, Walgreens, Burlington, Starbucks, Taco Bell, Chick-Fil-A, Burger King, Krispy Kreme, Subway,
Baskin-Robbins, Bojangles, Waffle House, Verizon, Chevron, & Shell
• 15 minutes from the University of Alabama at Birmingham | 22,500 students
• 15 minutes from Hoover High School (2,950 students) & Vestavia Hills High School (2,030 students)
• Proximity to numerous car dealerships such as Buick, GMC, Nissan, Honda, Cadillac, Acura, Chevrolet, Dodge, Jeep, Ram, Chrysler,
Volkswagen, & Volvo
• 10-year corporately guaranteed lease | 7.50% increases every 5 years throughout initial term and options
• Renovated building | Corporate renovated the site to match the modern Arby’s concept
• Strong traffic counts | Located on Montgomery Hwy which sees ±32,500 VPD
• Great visibility & access from Interstate 65 | Boasts ±125,000 VPD
• Densely populated area | 153,000+ residents within a 5-mile radius
• Affluent surrounding area | Average household income of $111,537 within a 15-minute drive of Arby’s
• Nearby destination retailers include: Publix, Walgreens, Burlington, Starbucks, Taco Bell, Chick-Fil-A, Burger King, Krispy Kreme, Subway,
Baskin-Robbins, Bojangles, Waffle House, Verizon, Chevron, & Shell
• 15 minutes from the University of Alabama at Birmingham | 22,500 students
• 15 minutes from Hoover High School (2,950 students) & Vestavia Hills High School (2,030 students)
• Proximity to numerous car dealerships such as Buick, GMC, Nissan, Honda, Cadillac, Acura, Chevrolet, Dodge, Jeep, Ram, Chrysler,
Volkswagen, & Volvo
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,187 SF
Building Class
B
Year Built
1998
Price
£1,578,000
Price Per SF
£495
Net Initial Yield
5.75%
NOI
£90,735
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.68 AC
Zoning
B3 - Business
Parking
36 Spaces (11.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39-00-01-2-000-045.000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £191,372 |
PROPERTY TAXES
Parcel Number
39-00-01-2-000-045.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£191,372
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George Gomez -
Robert Vasiliavitchious -
Aron Cline -
Matt Coates -
Rad Werssowetz -
Berkeley Capital Advisors
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Corporate Arby's | 10-Yr NNN | ±32,500 VPD | 1482 Montgomery Hwy
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