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145 STA BLVD Springville AL 35146

[Locked] • APN 99999999999999RD

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Details
Property Type Retail
Sub Type Shopping Center
Building SqFt 4,485
Lot SqFt 2,900,549
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code NZ
Year Built 2023
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Sold Price per Acre ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Shopping Center
Marketing Description

Experienced Operators: T-Mobile currently operates 7,500 retail stores nationwide. The Peach Cobbler Factory operates over 100 retail stores across 19 states and are expanding rapidly.

Investment Highlights
  • Brand New Lease with Minimal Landlord Responsibilities: Brand new construction 10 year NN lease with options to extend providing passive ownership opportunity.

  • Well Positioned: Situated just off exit 156 on I- 59 which has a traffic count of over 30,000 VPD.

  • Affluent Area: The average household income within a 1 mile radius is $87,500.

  • Retail Dense Location: Located near other national tenants such as Walmart, Waffle House, Taco Bell, Zaxby’s Burger King, and Fresh Market

Property Type
Property Type
Land
Property Subtype
Commercial
Asking Details
Asking Price
$600,000
Marketing Description

2.5-acre outparcel adjacent to the Walmart Supercenter,

strategically located off Springville Exit 156 on I-59.​ With I-59

traffic counts exceeding 26,165 AADT (source: ALDOT, 2022), this

property offers a compelling retail play.​ Prime location directly

adjacent to the Springville Sports Complex and surrounded by

established national retailers such as: Walmart, Burger King,

Mach-1 Express, Zaxby's, and Waffle House, making this

property a prospect for retail development.​

Investment Highlights

2.5 acre outparcel

Adjacent to Walmart

Directly off growing exit

Easy access to Birmingham and Gadsden

Property Type
Property Type
Retail
Asking Details
Asking Cap Rate
******
Marketing Description
Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 20 Springville Station Lane, Springville, Alabama. The property consists of 1.12 acres improved with an approximately 3,410-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $106,250 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options.


The new restaurant is a Walmart out parcel that sits snuggly between I-59 and U.S. Highway 11. It is the first accessible property restaurant off of exit 156 from I-59. Springville, is located less than 30 miles from downtown Birmingham. Springville is flanked by metropolitan Birmingham to the southwest and the industrial towns of Gadsden and Rainbow City to the northeast, ensuring both daytime and evening traffic. The site is also within a 500 ft of I-59 a road that boasts nearly 20,000 vehicles per day. Nearby retailers include Walmart, Taco Bell, Zaxby’s, Waffle House, Pizza Hut and Dollar Tree.

Investment Highlights
  • BRAND NEW ​20-YEAR NNN LEASE​
  • GROWING PART OF BIRMINGHAM MSA
  • HEALTHY ​RENT-TO-SALES RATIO​
  • WALMART OUTPARCEL​

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
DF
Debra Franklin PRO
•••.•••.7037
•••••.••••klin@•••••••••••••••.com
Brokerage logo
Sold on
 BY:
JS
Justin Sturdivant PRO
•••.•••.4222
••••••.••••••vant@••••••••••.com
Brokerage logo
Listed for sale on
 BY:
WK
Walter Kelley PRO
•••.•••.0440
•••terk@•••••••.com
Brokerage logo
Listed for sale on
 BY:
FF
Ford Fitts PRO
•••.•••.2878
•ordf@•••••••.com
Brokerage logo
Listing removed on
 BY:
AB
Adam Baxter PRO
•••.•••.3520
•.••xter@••••••-••.com
Brokerage logo
Listing removed on
 BY:
AE
Adam English PRO
•••.•••.9803
adam@••••••-••.com
Brokerage logo

Map

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