For Sale
$2,688,000

1548 Montclair RdIrondale, AL 35210

High-yield Zaxby's investment, Alabama.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple, absolute NNN lease for a Zaxby's restaurant located at 1548 Montclair Rd, Irondale, Alabama, 35210. The property boasts a 2,799 square foot building on a 0.67-acre lot, constructed in 2006. The single-tenant building enjoys 100% occupancy with a franchisee tenant under an absolute NNN lease expiring May 31, 2042, providing a substantial remaining lease term of 17.5 years. The lease includes attractive 2.0% annual rent bumps commencing June 1, 2028, offering a strong hedge against inflation. The property generates a Net Operating Income (NOI) of $168,000, resulting in a compelling 6.25% cap rate. This prime location benefits from excellent demographics, with over 125,000 people and an average annual household income exceeding $124,000 within a 5-mile radius. The property's strategic positioning near the I-20/HWY 78 interchange, less than a mile from a new Amazon distribution center, and within close proximity to major national retailers like Walmart, Home Depot, and Publix, ensures high visibility and strong consumer traffic. Furthermore, its convenient location—less than 10 minutes from Birmingham-Shuttlesworth International Airport and 15 minutes from downtown Birmingham—adds to its appeal. The property is also within 5 miles of significant developments such as Southtown and Maiden Heights, further enhancing its long-term value and potential for appreciation. The asking price for this exceptional investment is $2,688,000.

Highlights

  • Absolute NNN lease with 2% annual rent increases starting 6/1/2028.
  • Less than 10 minutes from Birmingham-Shuttlesworth International Airport.
  • Best-in-class operator (Zaxby's).
  • One mile from I-20/HWY 78 interchange.
  • Strong demographics: Over 125,000 population and $124,000 average annual household income within 5 miles.
  • Excellent retail location near major national retailers and restaurants.

Property Details for 1548 Montclair Rd

Property type
Retail properties, Restaurants
Square Feet
2,799 SF
Year Built
2006
Buildings
1
Stories
1
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Irondale
County
Jefferson
State
Alabama
Latitude
33.524627102608
Longitude
-86.724050114494
1548 Montclair Rd, Irondale, Alabama

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1548 Montclair Rd
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