652 1st N St Alabaster, AL 35007-8769

This exceptional investment opportunity presents a 2,435 square foot restaurant building situated on a substantial 27,000 square foot lot in Alabaster, Alabama. Located at 652 First Street, this property boasts a prime outparcel location directly in front of Shelby Baptist Medical Center, ensuring high visibility and consistent traffic. The property is currently leased to Arby's under a Triple Net (NNN) lease, which expires August 31, 2029, with four remaining five-year options. Each option includes a 10% rental adjustment, providing built-in rent growth potential. The current lease incorporates a gross sales provision, adding an additional revenue stream. The 2023 Net Operating Income (NOI) was a strong $99,958.01. Arby's has occupied this location since 1988, demonstrating a long-term commitment to the site. This established, high-performing restaurant presents a compelling investment opportunity with significant upside potential due to its location, lease terms, and strong NOI. The asking price for this turnkey operation is $1,854,000. This property is zoned for retail use and offers a rare chance to acquire a stable, income-producing asset in a desirable Alabama market. The property's long-term lease and strategic location make it an ideal addition to any investment portfolio.