1800 20th Street Ensley, Birmingham, AL
Cap Rate: 5.50%
Price Per SF: $672.97
Leasable Area: 2,204+ SF
Average Term Remaining: 14.5 Years
Year Built/Remodeled: 1980/2018
Lot Size: 2.0 Acres
Strong Tenant - 770+ Unit operator and growing, the Largest KFC Franchise Operator in the Nation.
Long Term Lease - There are 14.5 years remaining on base lease term, followed by four, 5-year renewal options following the base term.
Rental Increases - The property has 2% annual rental increases starting in 2021.
Excellent Locations & Demographics - Located on a hard signalized corner with excellent frontage in a densely populated area of Birmingham, AL (81,000+ residents within a 3-mile radius).
Zero Landlord Responsibility - All locations are on Absolute Triple Net Leases. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off” investment.