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    464 Main St Trussville, AL 35173

    Sponsored
    For Sale
    $6,285,715

    High-Income Area, 7% Cap Rate

    Property size:
    7,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 464 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    7,760 SF
    Lot Size
    56,192 SF

    Building Details

    Year Built
    2023

    HighLights

    • Excellent access and visibility from Gadsden Highway, over 127,000 vehicles per day.
    • Brand new 2023 construction; Walk‑On's newest prototype design with roll‑up windows for indoor/outdoor dining.
    • Strong brand with industry‑leading average unit volume exceeding $5 million across 78+ restaurants in 15 states, and over 100 locations in development.
    • Part of the Hamilton Marketplace Development, including a Shell station, Trussville Board of Education, and Grandview Medical Center Emergency Department.
    • Located in a high‑income Birmingham area with average household incomes exceeding $109,000 within one mile.
    • Less than 1.5 miles from The Pinnacle, a 445,000+ SF lifestyle center (JCPenney, Best Buy, At Home, Belk); approximately 4 miles from the Birmingham Race Course Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trussville
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.5602614
    Latitude
    33.6370355

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    FAQs

    What type of property is this?
    Restaurant - High-Income Area, 7% Cap Rate
    Where is this restaurant located?
    The property is located at 464 Main St Trussville, AL.
    What is the asking price?
    The asking price for this property is $6,285,715.
    What are key features of this property?
    This property features: Excellent access and visibility from Gadsden Highway, over 127,000 vehicles per day.; Brand new 2023 construction; Walk-On's newest prototype design with roll-up windows for indoor/outdoor dining.; Strong brand with industry-leading average unit volume exceeding $5 million across 78+ restaurants in 15 states, and over 100 locations in development.
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    464 Main St Trussville, AL 35173
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    Trussville, AL 35173
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    464 Main St Trussville, AL 35173
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