9400 Parkway Birmingham, AL 35215

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 2,996 square-foot Hardee's/Carl's Jr. restaurant located at 9400 Parkway East, Birmingham, Alabama, 35215. The property boasts a highly desirable location at a signalized intersection of Parkway East and Red Lane Road, experiencing a combined daily traffic count exceeding 70,000 vehicles. Its proximity to Interstate 59 (0.28 miles) further enhances its visibility and accessibility. The building, constructed in 2014, sits on a 1.07-acre lot and benefits from excellent curb cuts on both Parkway East and Red Lane Road. The property is strategically positioned alongside a Walmart Supercenter and Roebuck Marketplace, surrounded by a robust mix of national retailers including Burger King, Wells Fargo, Circle K, AT&T, McDonald's, CVS Pharmacy, Walgreens, Chick-fil-A, Subway, Taco Bell, Planet Fitness, Dollar Tree, and Harbor Freight. The absolute NNN lease with Hardee's/Carl's Jr. provides a secure investment with a remaining term of 10 years, extending to 2034, and includes four 5-year renewal options. The lease features rent bumps, with a 14% increase scheduled for December 1, 2029. The tenant is responsible for roof and HVAC maintenance. The property's strong financial performance is reflected in its $2,848,174 asking price, $950.66 price per square foot, $163,770 net operating income (NOI), and a 5.75% capitalization rate. The property is zoned CB2. This is a rare opportunity to acquire a well-located, high-performing, and stable net lease investment in a thriving retail corridor.