Whataburger | Birmingham MSA | 2765 Dr John Haynes Dr
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Whataburger | Birmingham MSA 2765 Dr John Haynes Dr
3,360 SF Retail Building Pell City, AL 35125 £2,306,718 (£687/SF) 6.25% Net Initial Yield
Investment Highlights
- Brand New 20-Year Absolute NNN Ground Lease
- Open 24-Hours | Dominant Retail Hub Location
- 10% Rent Increases Every 5-Years During Primary Lease Term & Options
- Brand New Construction | Latest Building Design
Executive Summary
Brand New 20-Year Absolute NNN Ground Lease
- Passive long-term lease shall commence upon Close of Escrow
10% Rent Increases Every 5-Years
- Providing long-term and predictable rent growth
Open 24-Hours | Dominant Retail Hub Location
- Situated immediately off Interstate 20 (53,000+ VPD)
- Surrounded by national retailers and hotels
Brand New Construction | Latest Building Design
- Modernized building design includes a dual-lane drive-through that significantly expedites ordering and can help increase volumes
Birmingham Alabama MSA Location: Called a Top Tier Location for Dining and Drinking by Wine Enthusiast
- Pell City is situated 40 minutes east of Birmingham and part of the Birmingham MSA
- The uptown Neighborhood of Birmingham was recently recognized by Forbes as the ”Neighborhood to Watch”
Whataburger - Renowned Burger Chain & Rapidly Expanding
- Privately owned American fast-food chain with over 1,000 locations
-Headquartered in San Antonio and currently operating in 15 States
- Annual sales revenues exceed $3.7 Billion
- Consistently Ranked in the Top 25 Fast Food chains in the U.S.
- Passive long-term lease shall commence upon Close of Escrow
10% Rent Increases Every 5-Years
- Providing long-term and predictable rent growth
Open 24-Hours | Dominant Retail Hub Location
- Situated immediately off Interstate 20 (53,000+ VPD)
- Surrounded by national retailers and hotels
Brand New Construction | Latest Building Design
- Modernized building design includes a dual-lane drive-through that significantly expedites ordering and can help increase volumes
Birmingham Alabama MSA Location: Called a Top Tier Location for Dining and Drinking by Wine Enthusiast
- Pell City is situated 40 minutes east of Birmingham and part of the Birmingham MSA
- The uptown Neighborhood of Birmingham was recently recognized by Forbes as the ”Neighborhood to Watch”
Whataburger - Renowned Burger Chain & Rapidly Expanding
- Privately owned American fast-food chain with over 1,000 locations
-Headquartered in San Antonio and currently operating in 15 States
- Annual sales revenues exceed $3.7 Billion
- Consistently Ranked in the Top 25 Fast Food chains in the U.S.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,360 SF
Year Built
2024
Price
£2,306,718
Price Per SF
£687
Net Initial Yield
6.25%
NOI
£144,170
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.72 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-09-31-2-000-015.000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £10,293 |
PROPERTY TAXES
Parcel Number
22-09-31-2-000-015.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£10,293
Contacts
-
John Glass -
Jason Hernandez -
Eddie Greenhalgh -
The Glass Group | Marcus & Millichap
1 of 6
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Whataburger | Birmingham MSA | 2765 Dr John Haynes Dr
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