464 Main St Trussville, AL 35173
Property profile & analytics
464 Main St, Trussville, AL 35173
- Commercial real estate
- 7,760 SF
- 1.29 lot acres
Property ID
US03-0927744
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
- Commercial real estate
Property Details for 464 Main St
- Year built
- 2023
- Lot size
- 1.29 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a brand-new, 7,760 square foot Walk-On's restaurant in Trussville, Alabama. Built in 2023, this property boasts a 15-year absolute NNN lease with a corporate guarantee and a 7.00% cap rate, generating a net operating income (NOI) of $440,000. The lease includes fixed 10% rent bumps every five years, ensuring consistent growth. Situated on 1.29 acres, this state-of-the-art restaurant features Walk-On's newest prototype design, including roll-up windows for indoor/outdoor dining. Its prime location on Main Street offers excellent visibility and access from Gadsden Highway, experiencing over 127,000 vehicles per day. The property benefits from its inclusion in the Hamilton Marketplace Development, alongside a Shell station, the Trussville Board of Education, and Grandview Medical Center's Emergency Department. Furthermore, its location within a high-income area of Birmingham, with average household incomes exceeding $109,000 within a one-mile radius, and its proximity to The Pinnacle lifestyle center (featuring JCPenney, Best Buy, At Home, and Belk) and the Birmingham Race Course Casino, ensures strong demand and high traffic. This is a rare opportunity to acquire a high-performing, well-located restaurant investment with significant long-term potential. The asking price is $6,285,715. Four, five-year lease options are included.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Trussville
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.5602614
- Latitude
- 33.6370355
