Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

914 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Corporate Arby's | 10-Yr NNN | ±32,500 VPD 1482 Montgomery Hwy 3,187 SF Retail Building Birmingham, AL 35216 $2,675,979 CAD ($839.65 CAD/SF) 6% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Over 9 Years Remaining | Scheduled Rental Increases | Established Brand
Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Near Signalized, Hard Corner Intersection | Interstate 65 (128,600 VPD) | Excellent Visibility & Access

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Arby’s investment property located in Vestavia Hills (Birmingham MSA), Alabama. The tenant, Arby’s, has over 9 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Arby’s, founded in 1964, is the second-largest sandwich restaurant brand in the world with more than 3,600 restaurants in nine countries. It is an Subsidiary of Inspire Brands. Inspire was founded in February 2018 with a vision to invigorate great brands and supercharge their long-term growth.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,187 SF

Building Class

Year Built

1998

Price

$2,675,979 CAD

Price Per SF

$839.65 CAD

Cap Rate

NOI

$160,531 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

0.68 AC

Zoning

General Commercial

Parking

45 Spaces (14.12 Spaces per 1,000 SF Leased)

Frontage

158’ on Montgomery Hwy

Corner Lot
Freeway Visibility

Restaurant
Signalized Intersection

Drive Thru

Monument Signage

Accommodation and Food Services
99,999 SF
-
Lorem Ipsum
Jan 0000

The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.