7830 Crestwood Blvd Birmingham, AL 35210
- Retail properties
- 2,024 SF
- 0.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7830 Crestwood Blvd
- Year built
- 2024
- Lot size
- 0.60 lot acres
- Property size
- 2,024 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.717
- Latitude
- 33.5309
