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Absolute NNN Ground Lease Sale-Whataburger 111 Resource Center Pky
3,563 SF Retail Building Birmingham, AL 35242 $2,477,272 ($695/SF) 4.58% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease
- 3-5 Year options remaining with rent increases
- 15 year original lease term with 8 years remaining
Executive Summary
Engel Realty Company, LLC as the exclusive listing broker, is pleased to present the opportunity to purchase lease fee interest in a Absolute NNN investment, Whataburger located on Highway 280 in Birmingham, AL.
Located on one of the highest trafficked retail submarkets Highway 280 corridor, averaging nearly 90,000 vehicles per day. Located 1/2 mile from Target super center and other national retailers nearby include Fresh Market, Home Depot, 2 Chick Filets. The subject property sits on 1.75 acres and each property is parceled. Whataburger is 1.75 acres. Whataburger has 8 years (March 2032) remaining on its original lease term. Whataburger has 3-Five year options remaining with increases.
Property Facts
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Mar 2032
Over six decades ago, an adventurous and determined entrepreneur named Harmon Dobson had a bold idea: to serve a burger so big that it took two hands to hold, and so good that after a single bite customers couldn't help but exclaim, “What a burger!” He named his humble burger stand, located on Ayers Street in Corpus Christi, Texas, “Whataburger.” Today, their founder's original vision still inspires everything they do. They're still family owned and operated. Each and every Whataburger® is still made to order—when it's ordered. They still use pure beef and serve it on a big, toasted five-inch bun. They still greet their customers with a smile 24 hours a day, seven days a week. And while they now serve hot, fresh food at more than seven dozen Whataburgers across the country, that burger stand in Corpus Christi is never far from their hearts.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Mar 2032 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $843,260 |
PROPERTY TAXES
-
Michael Johnson -
Dan W. Anderson -
Engel Realty Company, LLC
Presented by
Absolute NNN Ground Lease Sale-Whataburger | 111 Resource Center Pky
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