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652 1St St Alabaster, AL 35007

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High-NOI Arby's Outparcel, Alabama

Property size:
2,435 SF

Property Features for 652 1St St

General Information

Property type
Retail properties & Spaces
Square Feet
2,435 SF

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Listing Contact
Marc Perlman

Listing Agency: Leitman-Perlman, Inc Listing Agent: Marc Perlman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 2,435 square foot restaurant building situated on a substantial 27,000 square foot lot in Alabaster, Alabama. Located at 652 First Street, this property boasts a prime outparcel location directly in front of Shelby Baptist Medical Center, ensuring high visibility and consistent traffic. The property is currently leased to Arby's under a Triple Net (NNN) lease, which expires August 31, 2029, with four remaining five-year options. Each option includes a 10% rental adjustment, providing built-in rent growth potential. The current lease incorporates a gross sales provision, adding an additional revenue stream. The 2023 Net Operating Income (NOI) was a strong $99,958.01. Arby's has occupied this location since 1988, demonstrating a long-term commitment to the site. This established, high-performing restaurant presents a compelling investment opportunity with significant upside potential due to its location, lease terms, and strong NOI. The asking price for this turnkey operation is $1,854,000. This property is zoned for retail use and offers a rare chance to acquire a stable, income-producing asset in a desirable Alabama market. The property's long-term lease and strategic location make it an ideal addition to any investment portfolio.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Arby's Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Alabaster
County
Shelby
State
Alabama
Longitude
-86.7925592
Latitude
33.2167246

FAQs

What type of property is this?
Retail property - High-NOI Arby's Outparcel, Alabama
Where is this retail property located?
The property is located at 652 1St St Alabaster, AL.
What is the asking price?
The asking price for this property is $1,854,000.
What are key features of this property?
This property features: Corporate Lease with Arby's.; Triple Net (NNN) lease with gross sales provision.; Five-year lease expiring September 2029, with four 5-year options remaining, each with a 10% rent increase.
(205) 803-3000 Call to check price and availability
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