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31661301
31661302

7015 Meadowlark Drive, Birmingham, AL 35242

CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,273,000
54 days on market
Updated 24 days ago

New 7 Brew Coffee | 20-Yr GL | Excellent Retail Corridor

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 522
Cap Rate 5.50%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin' (+4)
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 04/30/2046
Remaining Term 20.1
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $4,354
Broker Co-Op True
Year Built 2026
Buildings 1
Stories 1
Acreage 0.580
Zoning B-2 Commercial
Parking Spaces 11 spaces
Parking Per SqFt 21.07
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/06/2026
Ground Lease Yes
Ownership Leased Fee (Land Only)

38-Unit Guarantor | Outparcel to Walmart Supercenter-anchored Shopping Center

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the Leased fee interest (land ownership) in an absolute NNN leased, 7 Brew Coffee investment property located in Birmingham, Alabama. The tenant, Southern Brew Corp, recently signed a brand new 20 year lease, demonstrating their commitment to the site. Southern Brew Corp is Tacala Companies’ entity for its 7 Brew locations, which stands at 38+ today. Tacala Companies is one of the most successful Taco Bell operators in the country with nearly 400 locations. The lease features 1% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Investment highlights

  • Brand New 20-Year Absolute NNN Ground Lease | New Construction
  • Absolute NNN | Passive Investment | Zero Landlord Responsibilities
  • Outparcel to Walmart Supercenter | U.S. Highway 280 (95,600 VPD)
  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
GC
CA 01911222
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
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/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
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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