464 Main StTrussville, AL 35173

Property Details for 464 Main St

Year built

2023

Lot size

1.29 AC

Property size (Sq ft)

7,760 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 7,760 square foot Walk-On's restaurant in Trussville, Alabama. Built in 2023, this property boasts a 15-year absolute NNN lease with a corporate guarantee and a 7.00% cap rate, generating a net operating income (NOI) of $440,000. The lease includes fixed 10% rent bumps every five years, ensuring consistent growth. Situated on 1.29 acres, this state-of-the-art restaurant features Walk-On's newest prototype design, including roll-up windows for indoor/outdoor dining. Its prime location on Main Street offers excellent visibility and access from Gadsden Highway, experiencing over 127,000 vehicles per day. The property benefits from its inclusion in the Hamilton Marketplace Development, alongside a Shell station, the Trussville Board of Education, and Grandview Medical Center's Emergency Department. Furthermore, its location within a high-income area of Birmingham, with average household incomes exceeding $109,000 within a one-mile radius, and its proximity to The Pinnacle lifestyle center (featuring JCPenney, Best Buy, At Home, and Belk) and the Birmingham Race Course Casino, ensures strong demand and high traffic. This is a rare opportunity to acquire a high-performing, well-located restaurant investment with significant long-term potential. The asking price is $6,285,715. Four, five-year lease options are included.

Location Insight

City

Trussville

County

Jefferson

State

Alabama

Latitude

33.637

Longitude

-86.5603

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