301 Doug Baker Blvd Hoover, AL 35242-2622

This exceptional investment opportunity presents a 3,593 square foot Freddy's Frozen Custard & Steakburgers property in Birmingham, Alabama. Located at 301 Doug Baker Blvd, this single-tenant, absolute triple-net (NNN) lease boasts a 20-year term with a remarkable 2% annual rent increase. The property sits on a 0.81-acre lot and was built in 2016. The asking price is $1,913,000, representing a $532.42 price per square foot and a 5.75% cap rate, with a current NOI of $110,000. The lease is guaranteed by a highly experienced franchisee, an entity controlled by the 5th largest Freddy's franchisee, operating 33 locations across multiple states. This strategically positioned outparcel benefits from its proximity to a Publix, Hobby Lobby, Dick's Sporting Goods, and AMC Theatres anchored development, situated off U.S. 280 (50,000+ vehicles per day). The surrounding area is extremely affluent, with an average annual household income exceeding $173,000 within a three-mile radius. The lease includes four 5-year renewal options, offering long-term stability and predictable income growth. This property is ideal for a 1031 exchange. The property is part of a larger retail destination including Walmart, Lowe's, Home Depot, and other major retailers. Freddy's Frozen Custard & Steakburgers is a rapidly expanding national chain with over 515 locations. This sale-leaseback offers a compelling combination of strong tenant performance, a prime location, and a secure, long-term lease.