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    1482 Montgomery Hwy Birmingham, AL 35216

    Sponsored
    For Sale
    $2,000,000

    High-yield, 10-year corporate lease.

    Property size:
    3,187 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,187 square foot, single-tenant, absolute NNN leased property located at 1482 Montgomery Hwy, Birmingham, AL 35216. The property, built in 1998 and renovated in 2016, sits on a 0.68-acre lot and boasts 36 parking spaces. Currently occupied by a credit-rated corporate tenant with a 10-year lease commencing March 31, 2024, and expiring March 31, 2034, this investment offers exceptional stability and passive income. The lease includes 7.5% rent bumps every five years, ensuring consistent growth. The property generates a strong net operating income (NOI) of $115,000, resulting in a 5.75% cap rate. The asking price is $2,000,000. This prime location benefits from high visibility and accessibility from Interstate 65, experiencing approximately 125,000 vehicles per day. The surrounding area is densely populated, with over 153,000 residents within a 5-mile radius and an average household income exceeding $111,537 within a 15-minute drive. Nearby, you'll find a variety of established retailers, including Publix, Walgreens, Burlington, Starbucks, and numerous fast-food chains. The property's proximity to the University of Alabama at Birmingham (15 minutes away) further enhances its appeal. The lease offers four, 5-year options, providing long-term security and potential for future growth. This is a truly exceptional opportunity for a passive income investment with minimal landlord responsibilities.

    Property Features for 1482 Montgomery Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    3,187 SF
    Class
    B
    Lot Size
    29,621 SF

    Building Details

    Year Built/Renovated
    1998/2016
    Buildings
    1
    Units
    1

    HighLights

    • Absolute NNN lease; passive investment; zero landlord responsibilities.
    • 10‑year corporate guaranteed lease.
    • High visibility and accessibility from Interstate 65; ±125,000 vehicles per day (VPD).
    • Densely populated area; 153,000+ residents within a 5‑mile radius.
    • Affluent area; average household income of $111,537 within a 15‑minute drive.
    • Strong retail synergy; nearby Publix, Walgreens, Burlington, Starbucks, and numerous fast‑food restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arby's Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8044783
    Latitude
    33.4156406

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    FAQs

    What type of property is this?
    Restaurant - High-yield, 10-year corporate lease.
    Where is this restaurant located?
    The property is located at 1482 Montgomery Hwy Birmingham, AL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Absolute NNN lease; passive investment; zero landlord responsibilities.; 10-year corporate guaranteed lease.; High visibility and accessibility from Interstate 65; ±125,000 vehicles per day (VPD).
    Request Owner's contact information
    1482 Montgomery Hwy Birmingham, AL 35216
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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
    1482 Montgomery Hwy Birmingham, AL 35216
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