Property summary
This exceptional investment opportunity presents a brand-new, 2,024 square foot Wendy's restaurant situated on a 0.6-acre lot in Birmingham, Alabama. Built in 2024, the property boasts a 15-year absolute net ground lease with a corporate guarantee from Wendy's, LLC, expiring October 31, 2039. The lease includes 10% rent bumps every five years, offering significant long-term growth potential. The property generates a substantial net operating income (NOI) of $125,000, resulting in a compelling 4.75% cap rate. With 33 parking spaces and a prime location near the I-20 interchange, this property benefits from high visibility and accessibility. The surrounding area features a dense retail corridor, a significant population density, and a strong daytime workforce due to nearby industrial areas and a newly opened VA hospital. Additional nearby amenities include a new Amazon fulfillment center, University of Alabama Birmingham, and Birmingham-Shuttlesworth International Airport. This is a rare opportunity to acquire a secure, high-performing investment with a strong tenant and significant upside potential. The property is an outparcel to Eastwood Plaza, where Extra Space Storage recently completed renovations and opened for business.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight