400 Cahaba Vly Rd, Pelham, AL 35124-1364

Property Details for 400 Cahaba Vly Rd

Year built

2002

Lot size

1.63 lot acres

Property type

Turn key restaurants

APN

109314001006004

APU

109314001006004

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,840-square-foot Hooters restaurant in Pelham, Alabama. Located on 1.63 acres at 400 Cahaba Valley Rd, this single-tenant, triple-net (NNN) leased property boasts a 7.00% cap rate and a strong NOI of $180,000. The corporate-guaranteed lease with Hooters has a remaining term of 5.6 years, expiring June 30, 2030, with two, five-year lease options. The property benefits from a 6.7% rent bump scheduled for July 2027. Built in 2002, this one-story building sits in a prime retail location, less than half a mile from I-65 and along Highway 119, which sees 29,934 vehicles daily. The area demonstrates robust growth, with a 10.9% population increase within a five-mile radius since 2010, projected to rise 3.2% through 2028. The property is situated within a dense retail trade area, boasting over 1.2 million square feet of retail space within a one-mile radius, including national brands like Wendy's, Chick-fil-A, Dunkin', and KFC. The asking price is $2,571,428, translating to $531.29 per square foot. This is a rare chance to acquire a well-established, high-performing restaurant in a thriving market with minimal landlord responsibilities. The property's location, strong tenant, and lease terms make it an attractive investment for discerning buyers. The 100% occupancy ensures immediate cash flow.

Location Insight

City

Pelham

County

Shelby

State

Alabama

Longitude

-86.7844

Latitude

33.3337

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments