Listed by AMC Real Estate
$1,200,000
9.28% CAP | 22K+ VPD | Absolute NNN
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,050
Cap Rate 9.28%
NOI $111,320
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/25/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options 4 (5) Year Options
Year Built 1998
Acreage 0.720
Investment Type Redevelopment
Tenant Credit Credit Rated, Franchisee
Lease Commencement 08/26/2013
Occupancy Date 08/26/2013
Ground Lease No
Dark Burger King | RBI Backed
Marketing description
AMC Real Estate Investment Services is pleased to present the single-tenant Burger King at 410 Pelham Road North in Jacksonville, Alabama. This freestanding, hard-corner drive-thru pad is leased to Nashville Quality, LLC, a subsidiary of Restaurant Brands International (NYSE: QSR). With roughly 7 years of RBI-backed rent remaining (~$860,000) against a basis of about $340,000, a buyer collects income well below QSR pricing and replacement cost.
The lease is true absolute NNN with zero landlord responsibilities, and rent bumps 10% every 5 years, taking NOI to $122,452 in August 2028.
Fronting Pelham Road (AL-21) at 22,000+ VPD and minutes from Jacksonville State University, the pad anchors a proven retail node alongside Chick-fil-A, Starbucks, and McDonald's, and it's positioned to re-tenant quickly once the lease rolls.
Investment highlights
- A freestanding drive-thru pad that operated as a Burger King for two decades before going dark — a proven, well-positioned corner that's difficult and expensive to replicate, with drive-thru infrastructure already in place to re-tenant quickly across virtually any QSR, coffee, or chicken concept.
- Fronting Pelham Road (AL-21) — the 22,000+ VPD regional artery linking I-20, US-431, and US-278 and the direct route to Jacksonville State University.
- Minutes from Jacksonville State University, a 10,000+ student Division I university growing for five consecutive years — a built-in, recession-resistant base of student, faculty, and game-day demand right in the trade area. To accommodate its continued growth, the university is adding several major developments:
- North Village Housing — a recently delivered 513-bed residence hall built through a RISE/JSU public-private partnership
- West Village Housing — the university's largest-ever residence hall, a 700-bed apartment-style complex opening Fall 2026, anchoring the western gateway of campus
- Surrounded by national credit retailers along the Pelham Road corridor, including Chick-fil-A, Starbucks, McDonald's, CVS, Walgreens, Subway, Dairy Queen, Domino's, and Sonic. National QSR brands keep picking this corridor, with Whataburger, Starbucks, and Chick-fil-A all added recently. That's live proof the trade area supports drive-thru demand, and a strong sign this proven pad re-tenants quickly once the lease rolls.
- Leased to Nashville Quality, LLC, a wholly-owned subsidiary of Restaurant Brands International (NYSE: QSR). Rolls up to a ~$47B global system and a BB+ rated public parent, far more scale and stability than the independent franchisees behind most BK net-lease deals. S&P just upgraded RBI to BB+ (from BB, May 2026)
- 7 years of contractual rent ($860,000 in remaining lease income, including a built-in increase) brings your effective real estate basis to $340,000 — well below comparable QSR pricing — while preserving full re-tenanting upside on a proven location after term.
- True absolute NNN with zero landlord responsibilities. The tenant covers taxes, insurance, and all maintenance, including roof, structure, and HVAC, so the income is fully passive with nothing to manage. Rent also steps up 10% every 5 years, with the next bump in August 2028 taking NOI from $111,320 to $122,452.
Listing Contacts
Listed by AMC Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,320.00
$9,276.67/mo
Valuation Metrics
0
DSCR
9.28%
Cap Rate
9.28%
ROI
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Zoning
B-2 CommercialGeneral CommercialGeneral Business
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