1484 Forestdale Blvd, Birmingham, AL 35214-3034
- Drive through restaurants
- 6,453 SF
- 0.94 lot acres
Current Use by Public Records
- Burger King / Restaurant
Property Details for 1484 Forestdale Blvd
- Year built
- 2017
- Lot size
- 0.94 lot acres
- Zone code
- C1
- Property type
- Drive through restaurants
- APN
- 22-00-18-2-010-010.003
- APU
- 2200182010010003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 30, 2025 | — | Gcg Holdings Pk Al Forestdale | — | Deed · related | $724k · Keypoint Credit Union |
| Dec 16, 2024 | — | Gcg Holdings Pk Al Hueytown Ll | — | Deed · related | $10.2M · Radar Capital Partners |
| Oct 22, 2024 | $898,204 | Gcg Holdings Pk Al Forestdale LLC | Premier Kings Holdings Of Alabama L | Warranty Deed | $5.3M · Radar Capital Partners |
| Nov 8, 2018 | — | Premier Kings INC | — | Grant Deed · related | $11.1M · Wells Fargo Bk |
| Mar 23, 2018 | — | Premier Kings Hldgs Of Alabama | — | Grant Deed · related | $1.1M · Wells Fargo Bk |
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%.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $900,000
- ML approach
- $900,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $657,000
Market price range: $324k - $932k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8965
- Latitude
- 33.565
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
