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1428 Forestdale Blvd
Birmingham, AL 35214
Church's Chicken · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN with zero landlord responsibilities
- Traffic count of over 22,000 VPD
- Located in a busy retail corridor
EXECUTIVE SUMMARY
Presenting the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment property located in the Forestdale Community in Birmingham, AL (Birmingham AL MSA). The tenant, Church's Chicken, has 4 years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site.
The lease features rental increases every year throughout the initial term and each option period, steadily growing NOI. The lease is absolute NNN with zero landlord
responsibilities making it an ideal, management free investment opportunity for a passive investor. The asset is located in a busy retail corridor with a traffic count of over
22,000 VPD.
The lease features rental increases every year throughout the initial term and each option period, steadily growing NOI. The lease is absolute NNN with zero landlord
responsibilities making it an ideal, management free investment opportunity for a passive investor. The asset is located in a busy retail corridor with a traffic count of over
22,000 VPD.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,730 SF
Building Class
C
Year Built
1984
Price
$1,954,288 CAD
Price Per SF
$715.86 CAD
Cap Rate
4.86%
NOI
$94,895 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Zoning
C-1 - Neighborhood Commercial District
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 22-00-18-2-010-048.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $200,461 CAD |
PROPERTY TAXES
Parcel Number
22-00-18-2-010-048.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$200,461 CAD
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