1928 Bessemer Road, Birmingham, AL
Cap Rate: 5.50%
Price Per SF: $435.92
Leasable Area: 2,497+ SF
Average Term Remaining: 14.5 Years
Year Built/Remodeled: 1989/2019
Lot Size: 0.50 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.
University of Alabama - The property is located just 5 miles from the University of Alabama, which had record breaking enrollment in 2017 and boasted a Fall 2019 enrollment of 38,103 students
Excellent Locations & Demographics - Located on a hard signalized corner with excellent frontage in a densely populated area of Birmingham, AL (186,000+ 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.