1548 Montclair Rd Irondale, AL 35210-2225

Property Details for 1548 Montclair Rd

Year built

1970

Lot size

0.67 lot acres

Property size

3,140 SF

Zone code

QB2

Property type

Drive through restaurants

APN

23-00-26-3-006-015.000

APU

2300263006015000

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN lease for a Zaxby's restaurant located at 1548 Montclair Rd, Irondale, Alabama, 35210. The property boasts a 2,799 square foot building on a 0.67-acre lot, constructed in 2006. The single-tenant building enjoys 100% occupancy with a franchisee tenant under an absolute NNN lease expiring May 31, 2042, providing a substantial remaining lease term of 17.5 years. The lease includes attractive 2.0% annual rent bumps commencing June 1, 2028, offering a strong hedge against inflation. The property generates a Net Operating Income (NOI) of $168,000, resulting in a compelling 6.25% cap rate. This prime location benefits from excellent demographics, with over 125,000 people and an average annual household income exceeding $124,000 within a 5-mile radius. The property's strategic positioning near the I-20/HWY 78 interchange, less than a mile from a new Amazon distribution center, and within close proximity to major national retailers like Walmart, Home Depot, and Publix, ensures high visibility and strong consumer traffic. Furthermore, its convenient location—less than 10 minutes from Birmingham-Shuttlesworth International Airport and 15 minutes from downtown Birmingham—adds to its appeal. The property is also within 5 miles of significant developments such as Southtown and Maiden Heights, further enhancing its long-term value and potential for appreciation. The asking price for this exceptional investment is $2,688,000.

Location Insight

City

Irondale

County

Jefferson

State

Alabama

Longitude

-86.7242

Latitude

33.5249

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments