For Sale
$2,632,000

7830 Crestwood Blvd Birmingham, AL 35210

High-yield Wendy's NNN ground lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, 2,024 square foot Wendy's restaurant situated on a 0.6-acre lot in Birmingham, Alabama. Built in 2024, the property boasts a 15-year absolute net ground lease with a corporate guarantee from Wendy's, LLC, expiring October 31, 2039. The lease includes 10% rent bumps every five years, offering significant long-term growth potential. The property generates a substantial net operating income (NOI) of $125,000, resulting in a compelling 4.75% cap rate. With 33 parking spaces and a prime location near the I-20 interchange, this property benefits from high visibility and accessibility. The surrounding area features a dense retail corridor, a significant population density, and a strong daytime workforce due to nearby industrial areas and a newly opened VA hospital. Additional nearby amenities include a new Amazon fulfillment center, University of Alabama Birmingham, and Birmingham-Shuttlesworth International Airport. This is a rare opportunity to acquire a secure, high-performing investment with a strong tenant and significant upside potential. The property is an outparcel to Eastwood Plaza, where Extra Space Storage recently completed renovations and opened for business.

Highlights

  • Brand new Wendy's restaurant built in 2024 on a 0.6-acre lot.
  • 15-year absolute net ground lease with Wendy's corporate guarantee, expiring October 31, 2039, including 10% rent bumps every five years.
  • Prime location near I-20 interchange, offering high visibility and accessibility with 33 parking spaces.
  • Strong demographics: High population density, affluent area ($124,848 avg. household income within 5 miles), and significant daytime workforce due to nearby industrial areas and a new VA hospital.
  • Located in a dense retail corridor with numerous national retailers nearby, including a new Amazon fulfillment center, and close proximity to UAB and Birmingham-Shuttlesworth International Airport.

Property Details for 7830 Crestwood Blvd

Property type
Retail properties
Square Feet
2,024 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.5308725
Longitude
-86.7170013

FAQs

What type of property is this?
Retail property - High-yield Wendy's NNN ground lease
Where is the retail property located?
The property is located at 7830 Crestwood Blvd Birmingham, AL.
What is the asking price?
The asking price for this property is $2,632,000.
What are key features of this property?
This property features: Brand new Wendy's restaurant built in 2024 on a 0.6-acre lot.; 15-year absolute net ground lease with Wendy's corporate guarantee, expiring October 31, 2039, including 10% rent bumps every five years.; Prime location near I-20 interchange, offering high visibility and accessibility with 33 parking spaces.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7830 Crestwood Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message