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32619889
32619890

566 1st St N, Alabaster, AL 35007

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,636,000
142 days on market
Updated 22 days ago

Dutch Bros | Alabaster, AL

Details
APN 13 7 35 4 001 005.001
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 950
Cap Rate 5.5%
NOI $145,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/01/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $2,775
Year Built 2025
Acreage 0.520
Zoning B-3 Community Business
Parking Spaces 10 spaces
Parking Per SqFt 10.53
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2026
Ownership Fee simple interest (land & building ownership)

Retail | 5.50% CAP | 950 SqFt

Investment highlights

  • Brand New 15 Year Lease | Corporate Guaranteed |March 2026 Grand Opening | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • US-31/1st Street N (25,600 VPD) | Interstate 65 (67,000 VPD) | Propst Promenade (725,000 SF) | Baptist Health Shelby Hospital | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Listing Contacts

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$145,000.00
$12,083.33/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Martin Smith
License
AL License No. 000070431
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
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