Walk-On's | Top Location in the Country | 5533 Vanlerberghe Ln
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Walk-On's | Top Location in the Country 5533 Vanlerberghe Ln
7,760 SF Retail Building Trussville, AL 35173 £4,998,978 (£644/SF) 7% Net Initial Yield
EXECUTIVE SUMMARY
• Brand-new, 15-year, absolute NNN lease with one of the fastest growing restaurant concepts in the country
• Fixed, 10% rental increases every 5 years in both the initial term and option periods
• Attractive, blended yield of 7.72% over the base lease term
• Full-term, personal guarantees from the principal operators | Speak with Agent for details
• Tenant was the 2022 Franchisee of the Year recipient
• Excellent access and visibility from Gadsen Highway | ±27,000 VPD
• State-of-the-art 2023 construction and one of Walk-On’s newest prototype designs which includes roll up windows to allow for an indoor/outdoor dining experience
• Asset is part of the Hamilton Marketplace Development | Will include a new Shell gas station and convenience store as well as several
other tenants
• New developments within walking distance include Orangetheory Fitness, Chicken Salad Chick, Tropical Smoothie Café, CSM Champion
Sports Medicine, Club4Fitness, Taco Mama, Metro Diner, among others
• Less than 1.5 miles from
– The Pinnacle | A 75+ acre lifestyle center containing 445k+ SF of retail shops | Anchor tenants include JCPenney, Best Buy, AtHome, and Belk
– Promenade Tutwiler Farm | Power center anchored by Home Depot, Super Target, Academy Sports, and T.J. Maxx
• Industry-leading average unit volume over $5MM across 77+ restaurants | 75+ locations in some phase of planning or development across 15 states
• Affluent area | The average HH income of ±$109,000 within a 1-mile radius
• Across the street from a Winn-Dixie-anchored shopping center
• Located about 4 miles from the Birmingham Race Course Casino
• Fixed, 10% rental increases every 5 years in both the initial term and option periods
• Attractive, blended yield of 7.72% over the base lease term
• Full-term, personal guarantees from the principal operators | Speak with Agent for details
• Tenant was the 2022 Franchisee of the Year recipient
• Excellent access and visibility from Gadsen Highway | ±27,000 VPD
• State-of-the-art 2023 construction and one of Walk-On’s newest prototype designs which includes roll up windows to allow for an indoor/outdoor dining experience
• Asset is part of the Hamilton Marketplace Development | Will include a new Shell gas station and convenience store as well as several
other tenants
• New developments within walking distance include Orangetheory Fitness, Chicken Salad Chick, Tropical Smoothie Café, CSM Champion
Sports Medicine, Club4Fitness, Taco Mama, Metro Diner, among others
• Less than 1.5 miles from
– The Pinnacle | A 75+ acre lifestyle center containing 445k+ SF of retail shops | Anchor tenants include JCPenney, Best Buy, AtHome, and Belk
– Promenade Tutwiler Farm | Power center anchored by Home Depot, Super Target, Academy Sports, and T.J. Maxx
• Industry-leading average unit volume over $5MM across 77+ restaurants | 75+ locations in some phase of planning or development across 15 states
• Affluent area | The average HH income of ±$109,000 within a 1-mile radius
• Across the street from a Winn-Dixie-anchored shopping center
• Located about 4 miles from the Birmingham Race Course Casino
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
7,760 SF
Building Class
B
Year Built
2023
Price
£4,998,978
Price Per SF
£644
Net Initial Yield
7%
NOI
£349,928
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
1.29 AC
Zoning
QC2 - Qualified Commercial
Parking
74 Spaces (9.54 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-00-26-2-006-029.011 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £593,335 |
PROPERTY TAXES
Parcel Number
12-00-26-2-006-029.011
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£593,335
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Walk-On's | Top Location in the Country | 5533 Vanlerberghe Ln
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