Arby's NNN Property For Sale — Alabaster, AL
652 1st St N, Alabaster, AL 35007
This Arby's restaurant, located in Alabaster, AL, presents a prime investment opportunity. Situated next to the Shelby Baptist Medical Center along the bustling Highway 119 corridor, the property features a five-year, renewable corporate lease set to expire in September 2029, with four additional five-year options. Each option includes a 10% rental adjustment, ensuring a steady increase in rental income. Arby's has successfully operated at this location since 1988, offering a stable and lucrative investment with potential for long-term growth. This is an exceptional opportunity to invest in a well-established location with a reliable tenant.
- Address: 652 1st St N, Alabaster, AL 35007
- Asking price $1.49M
- 6.50% cap rate
- NOI $96,850
- 3.1 years remaining
- NNN lease
- Year built: 1970
- Building size: 2,435 SF
- Lot size: 0.62 acres
- Lease expiration: Sep 30, 2029
- Rent increases: Every 5 years
- Guarantor: Corporate
Location
This Arby's property is at 652 1st St N in Alabaster, Alabama.
Asset type: Retail - Restaurant