301 Doug Baker Blvd Hoover, AL 35242-2622
Property profile & analytics
301 Doug Baker Blvd Hoover, AL 35242-2622
- Drive through restaurants
- 3,572 SF
- 0.81 lot acres
Property ID
US03-0799658
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 301 Doug Baker Blvd
- Year built
- 2017
- Construction
- WOOD
- Lot size
- 0.81 lot acres
- Property size
- 3,572 SF
- Property type
- Drive through restaurants
- APN
- 93050001030014
- APU
- 93050001030014
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,522,000
- AI Estimate
- $1,522,000
Market price range: $471k - $2.07MMarket price range: $471k - $2.07M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hoover
- County
- Shelby
- State
- Alabama
- Longitude
- -86.6657
- Latitude
- 33.408
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,049
$0.00
$0.00
$270,820
-
$599,640
$754,450
$1,354,090
