400 Cahaba Valley Rd, Pelham, AL 35124 For Sale

HOOTERS BUILD-TO-SUIT CONSTRUCTION

The subject property is a 4,096-square-foot, freestanding, build-to-suit Hooters restaurant situated

on a large 1.63-acre lot and fully occupied by Hooters.

ABSOLUTE NET LEASE | NO LANDLORD RESPONSIBILITIES

Tenant operates under an absolute net lease, leaving the landlord with no out-of-pocket obligations.

Tenant is responsible for Property Taxes, Insurance, all R&M Including repair and replacement to the

Roof.

20+ YEAR HISTORICAL OCCUPANCY

The tenant has operated at this location for more than 20 years and recently signed a lease

extension pushing the term to 6/30/2030, with two additional five-year options that could extend the

lease through 6/30/2040.

ATTRACTIVE RENT INCREASES

The tenant is scheduled for a 4% rent increase on 7/1/2027, which effectively raises the cap rate to

6.76% at the asking price. The tenant also has a 31% increase at the start of the first option period.

#1 RANKED HOOTERS WITHIN 50MI RADIUS - PLACER.AI

According to Placer.ai, the subject property ranks number one out of four locations within a 50-mile

radius in visits per square foot, supported by approximately 57,500 annual visits.

PROXIMITY TO PELHAM CIVIC COMPLEX & ICE ARENA

The subject property is located less than one mile from the Pelham Civic Complex & Ice Arena, a

30,000-SF meeting and event venue featuring two NHL-sized ice rinks. The facility is home to the

Birmingham Bulls and the University of Alabama Hockey Club.

PROXIMITY TO OAK MOUNTAIN AMPHITHEATRE 43-AC REDEVELOPMENT

The subject property is located within walking distance of the 43-acre Oak Mountain amphitheatre

redevelopment, which is proposed to include a town center featuring retail, dining, office space,

medium-density residential, and hospitality components.

DENSE AND AFFLUENT POPULATION

The subject property is situated within a 5-mile radius of more than 86,000 residents, with average

household incomes exceeding $118,000.