464 Main St Trussville, AL 35173
- Commercial real estate
- 7,760 SF
- 1.29 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 464 Main St
- Year built
- 2023
- Lot size
- 1.29 lot acres
- Property size
- 7,760 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a brand-new, 7,760 square foot Walk-On's restaurant in Trussville, Alabama. Built in 2023, this property boasts a 15-year absolute NNN lease with a corporate guarantee and a 7.00% cap rate, generating a net operating income (NOI) of $440,000. The lease includes fixed 10% rent bumps every five years, ensuring consistent growth. Situated on 1.29 acres, this state-of-the-art restaurant features Walk-On's newest prototype design, including roll-up windows for indoor/outdoor dining. Its prime location on Main Street offers excellent visibility and access from Gadsden Highway, experiencing over 127,000 vehicles per day. The property benefits from its inclusion in the Hamilton Marketplace Development, alongside a Shell station, the Trussville Board of Education, and Grandview Medical Center's Emergency Department. Furthermore, its location within a high-income area of Birmingham, with average household incomes exceeding $109,000 within a one-mile radius, and its proximity to The Pinnacle lifestyle center (featuring JCPenney, Best Buy, At Home, and Belk) and the Birmingham Race Course Casino, ensures strong demand and high traffic. This is a rare opportunity to acquire a high-performing, well-located restaurant investment with significant long-term potential. The asking price is $6,285,715. Four, five-year lease options are included.
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
- Trussville
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.5602614
- Latitude
- 33.6370355
