ABSOLUTE NNN SINGLE-TENANT FAST FOOD INVESTMENT

$1,400,000

1428 Forestdale Blvd, Birmingham, AL, 35214, Birmingham, AL

Retail for sale in Birmingham, 1428 Forestdale Blvd, Birmingham, AL, 35214, 2730 m²

1428 Forestdale Blvd, Birmingham, AL, 35214, Birmingham, AL

$1,400,000

2730
Type: Retail

Description

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,

Agent Information

Location

1428 Forestdale Blvd, Birmingham, AL, 35214, Birmingham, AL

Data

Object TypeRetail
Purchase Price$1,400,000
Living Space2730 m²
Plot Size2994.68 m²
BathroomsN/A
Construction Year1984
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1984
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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