7830 Crestwood Blvd Birmingham, AL 35210
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.