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33427212
33427211

1845 Center Point Parkway, Birmingham, AL 35215

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$2,583,000
2 days on market
Updated 2 days ago

POPEYES – CENTER POINT, AL

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 2,454
Net Rentable (SqFt) 2,454
Cap Rate 6.00%
NOI $155,000
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 02/28/2046
Rent Bumps Yes
Lease Options Four 5-Year Renewal Options
Year Built 2013
Acreage 0.710
Zoning C
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 02/27/2026
Ground Lease No
Ownership Fee Simple (Building & Land)

Retail | 6.00% CAP | 2,454 SqFt

Marketing description

Popeyes has a Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew! The Tenant, Ram-Z Roost, LLC is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama. The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026), making it the 6th largest Freddy’s franchisee in the U.S., and 33 Schlotzsky’s restaurants, making it the largest Schlotzsky’s franchisee in the country (84 TOTAL UNIT GUARANTY). It is Successfully open & operating since 2013 with an attractive 7.54% Rent to Sales Ratio!

The Asset is Situated on a signalized corner on a ±0.71-acre lot with excellent drive-by visibility/ access on Center Point Pkwy with traffic counts of 23,523 CPD! Nearby major retailers within 5-miles include Walmart, ALDI, Food Giant, Dollar Tree, Family Dollar, Harbor Freight, America’s Thrift Store, Hibbett, City Gear, NAPA Auto Parts, O’Reilly Auto Parts, Sherwin Williams, CVS, Planet Fitness; Dining options include Chick-Fil-A, McDonald’s, Wendys’, Sonic Drive-In, KFC, Taco Bell, Arby’s, Pizza Hut, Little Caesars, Waffle House, Subway, Krystal, Captain D’s, Church’s Chicken, Hardee’s, etc. 12.5 miles from UAB St. Vincent’s Birmingham - a 409- bed acute care hospital and emergency room that delivers comprehensive, spiritually centered medical & surgical care, offering advanced specialties & state-of-the art services while earning longstanding recognition for excellence; 13 miles from University of Alabama Birmingham - a major public research university & academic health center, known for its strong focus on health sciences, engineering & business, offering extensive undergraduate, graduate & doctoral programs, serving 20,868 students.

Investment highlights

  • BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew!

  • TENANT | GUARANTOR: Ram-Z Roost, LLC is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama. The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026), making it the 6th largest Freddy’s franchisee in the U.S., and 33 Schlotzsky’s restaurants, making it the largest Schlotzsky’s franchisee in the country (84 TOTAL UNIT GUARANTY). ** All units back the performance of the lease!**

  • STRONG SALES PERFORMANCE: Successfully open & operating since 2013 with an attractive 7.54% Rent to Sales Ratio!

  • TRAFFIC COUNTS: Situated on a signalized corner on a ±0.71-acre lot with excellent drive-by visibility/ access on Center Point Pkwy with traffic counts of 23,523 CPD!

  • 2025 DEMOGRAPHICS: Total Population (5MI): 91,372 | Average Household Income (1MI): $84,346

Listing Contacts

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale

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$155,000.00
$12,916.67/mo

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6%
Cap Rate
6%
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