1484 Forestdale Blvd Birmingham, AL 35214-3034

Property Details for 1484 Forestdale Blvd

Year built

2017

Lot size

0.94 lot acres

Property size

6,453 SF

Zone code

C1

Property type

Drive through restaurants

APN

22-00-18-2-010-010.003

APU

2200182010010003

Description

This exceptional investment opportunity presents a 6,453 square foot, single-tenant, absolute NNN leased Burger King property located at 1484 Forestdale Blvd, Forestdale, Alabama 35214. The property sits on a 0.94-acre lot and boasts a Class B building constructed in 2017. The current lease, with a franchisee tenant, commenced October 29, 2018, and has a remaining term of approximately 14 years, expiring October 31, 2038. Rent increases of 10% every five years are built into the lease. The property generates a Net Operating Income (NOI) of $75,000, resulting in a 6.00% cap rate based on the asking price of $1,250,000. The tenant, Bulldog Restaurants, LLC, a subsidiary of Starboard Investments, operates over 50 Jimmy Johns and 35 Burger Kings, providing a strong financial guarantee. Sales increased significantly in 2023, exceeding a percentage rent override threshold, resulting in approximately $6,000 in unreported additional income. The property enjoys excellent visibility and accessibility from Forestdale Blvd (Hwy 78), experiencing approximately 31,750 vehicles per day. Its location is proximate to several shopping centers and Minor High School, further enhancing its appeal. This is a passive investment opportunity with significant upside potential and a healthy rent-to-sales ratio below 7.50%.

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Longitude

-86.8965

Latitude

33.565

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments