400 Cahaba Vly Rd Pelham, AL 35124-1364

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.