Church's Chicken
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
Highlights:
• Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Rent increases every year
• Two -5 year extension options
• 2,730 SF building
• Drive through
• Pylon sign
• Traffic count 22,111 VPD
• Zoned C-1
• Located in Birmingham MSA
- Property type
- Retail
- Building size
- 2,730 SF GLA
- Lot size
- 0.74 acres
- Year built
- 1984
- Floors
- 1
- Occupancy
- 100%
- Zoning
- C-1
- Cap rate
- 4.86%
- NOI
- $67,980