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Wendy's Ground Lease 7830 Crestwood Blvd

2,024 SF Retail Building Irondale, AL 35210 $2,632,000 ($1,300/SF) 4.75% Cap Rate

Retail Buildings Alabama Irondale 7830 Crestwood Blvd, Irondale, AL 35210

Investment Highlights

  • Outparcel to Eastwood Plaza | Extra Space Storage recently renovated and opened at the site
  • Absolute Net Ground Lease | Zero landlord responsibilities
  • Close proximity to I-20 interchange | Crestwood Blvd & I-20 | 79,917 VPD combined
  • 2024 construction | Brand new 15-year lease
  • Corporate lease | Wendy’s, LLC | 6,020+ locations across 29 countries
  • New 60K SF VA Affairs Hospital opened in 2023 across the street | 313 beds

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Wendy's Ground Lease in Birmingham, AL. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,024 SF
Building Class
C
Year Built
2024
Price
$2,632,000
Price Per SF
$1,300
Cap Rate
4.75%
NOI
$125,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.60 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
33 Spaces (16.3 Spaces per 1,000 SF Leased)

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Nearby Major Retailers

PNC Bank
Waffle House
Logan's Roadhouse
Woodforest National Bank
Workout Anytime
Regions Bank
ALDI
Krystal
CrossFit
Publix
(704) 379-1985

  • Listing ID: 33083405

  • Date on Market: 9/6/2024

  • Last Updated:

  • Address: 7830 Crestwood Blvd, Irondale, AL 35210

The Retail Property at 7830 Crestwood Blvd, Irondale, AL 35210 is currently available For Sale. Contact Berkeley Capital Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Wendy's Ground Lease | 7830 Crestwood Blvd
(704) 379-1985 x

Wendy's Ground Lease | 7830 Crestwood Blvd

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Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

Jake Zapata

(704) 943-3160

(704) 943-3160

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