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    652 1St St Alabaster, AL 35007

    For Sale
    $1,854,000

    High-NOI Arby's Outparcel, Alabama

    Property size:
    2,435 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 652 1St St

    General Information

    Property type
    Restaurants
    Square Feet
    2,435 SF

    HighLights

    • 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.
    • 2023 Net Operating Income (NOI) of $99,958.
    • Arby's outparcel location in front of Shelby Baptist Medical Center in Alabaster, AL.
    • Arby's has occupied the site since 1988.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arby's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply 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
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7925592
    Latitude
    33.2167246

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    FAQs

    What type of property is this?
    Restaurant - High-NOI Arby's Outparcel, Alabama
    Where is this restaurant 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.
    Request Owner's contact information
    652 1St St Alabaster, AL 35007
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    Alabaster, AL 35007
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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
    652 1St St Alabaster, AL 35007
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