For Sale
$2,560,000

5881 Trussville Crossings PkwyBirmingham, AL 35235

Fee Simple NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Zaxby's restaurant in Birmingham, Alabama. The property boasts a 3,301 square foot building on a 1.26-acre lot, constructed in 2006, with 44 parking spaces. Currently operating at 100% occupancy, the lease with a strong franchisee runs until May 31, 2042, offering a substantial remaining term of 17.5 years. The annual rent includes a 2.0% increase beginning June 1, 2028, ensuring consistent income growth. The property generates a strong NOI of $160,000, resulting in a compelling 6.25% cap rate. This prime location benefits from high visibility and accessibility, situated near a Walmart Supercenter, Sam's Club, Kohl's, and Ashley Outlet, along with other quick-service restaurants. The property's proximity to Trussville's thriving industrial corridor and downtown revitalization project further enhances its long-term value. The surrounding area demonstrates strong demographics, with a 90,000-person population within a 5-mile radius and an average annual household income of $97,000 within a 3-mile radius. This offering represents a rare opportunity to acquire a high-performing, single-tenant net lease property with significant upside potential. The asking price is $2,560,000.

Highlights

  • Absolute NNN lease with 2% annual rent increases; lease options extend to 2062.
  • Located in a dense retail trade area, near a top-performing Walmart Supercenter.
  • Tenanted by a best-in-class operator.
  • Excellent visibility and accessibility from I-59, with 41,790 vehicles passing daily.
  • Strong demographics: 90,000 population within a 5-mile radius and $97,000 average annual household income within 3 miles.
  • Less than 3 miles from Downtown Trussville and its revitalization project.

Property Details for 5881 Trussville Crossings Pkwy

Property type
Retail properties, Restaurants
Square Feet
3,301 SF
Year Built
2006
Buildings
1
Stories
1
Lot Size (sq. ft)
54,886 SF
Units
1

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.644119997172
Longitude
-86.629002464636
5881 Trussville Crossings Pkwy, Birmingham, Alabama

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5881 Trussville Crossings Pkwy
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