3720 Mary Taylor Rd Birmingham, AL 35235

This exceptional investment opportunity presents a 2,964 square foot Freddy's Frozen Custard & Steakburgers property located at 3720 Mary Taylor Rd, Birmingham, AL 35235. The property, built in 2020, sits on a 0.735-acre lot and benefits from a 20-year absolute triple net (NNN) lease with a reputable franchisee, Bama Custard & Bama Custard 2, an entity controlled by ERC Hospitality, the 5th largest Freddy's franchisee. The lease includes 2% annual rent bumps, providing consistent income growth. The asking price is $2,522,000, representing a price per square foot of $850.88 and a 5.75% cap rate with a current NOI of $145,000. The property enjoys a prime location in an affluent area of Birmingham, boasting an average annual household income exceeding $122,000 within a one-mile radius. This strategic location is part of a thriving retail destination, neighboring major retailers such as Target, Home Depot, Lowe's, Best Buy, Hobby Lobby, and The Pinnacle, a 644,000 square foot lifestyle center. Its proximity to the I-59 and I-459 interchange further enhances its accessibility and visibility. The lease offers four 5-year renewal options, ensuring long-term stability and return on investment. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity in a high-growth market. The guarantor's experience and the brand's national presence contribute to the property's overall strength and potential for future appreciation.