5881 Trussville Crossings Pkwy Birmingham, AL 35235

Property Details for 5881 Trussville Crossings Pkwy

Year built

2006

Lot size

1.26 lot acres

Property size

3,301 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN leased Zaxby's restaurant in Birmingham, Alabama. The property boasts a 3,301 square foot building on a 1.26-acre lot, constructed in 2006, with 44 parking spaces. Currently operating at 100% occupancy, the lease with a strong franchisee runs until May 31, 2042, offering a substantial remaining term of 17.5 years. The annual rent includes a 2.0% increase beginning June 1, 2028, ensuring consistent income growth. The property generates a strong NOI of $160,000, resulting in a compelling 6.25% cap rate. This prime location benefits from high visibility and accessibility, situated near a Walmart Supercenter, Sam's Club, Kohl's, and Ashley Outlet, along with other quick-service restaurants. The property's proximity to Trussville's thriving industrial corridor and downtown revitalization project further enhances its long-term value. The surrounding area demonstrates strong demographics, with a 90,000-person population within a 5-mile radius and an average annual household income of $97,000 within a 3-mile radius. This offering represents a rare opportunity to acquire a high-performing, single-tenant net lease property with significant upside potential. The asking price is $2,560,000.