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Property profile

7830 Crestwood Blvd Birmingham, AL 35210

OFF-MARKET
Retail properties & Spaces
2,024 SF 0.6 ac lot Built 2024
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 2,024 SF
Lot 0.6 ac (26,136 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7830 Crestwood Blvd Birmingham, AL 35210
Birmingham metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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