240 Cahaba Valley Rd
Pelham, AL
Price:
$2,390,000
Cap Rate:
6.00%
NOI:
$143,400
Building Size:
Approx. 2,500 Sq. Ft.
Lot Size:
Approx. 0.68 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2019
Offering Agent
Investment Overview
- 2,500+/- SF Building on 0.68+/- Acre Site
- 10-Year Corporate Net Lease w/ 10% rent increases every 5-year option periods
- Strategically located along AL-119 “Cahaba Valley Rd.” (27,274 VPD) in the city of Pelham, AL
- Within 1-mile of the subject Starbucks are 6,643 employees and within 3-miles of the property are 23,964 employees
- Three hotels are in close proximity, Hampton Inn & Suites (85 rooms), and Fairefield Inn & Suites (93 Rooms) are both directly south, while Holiday Inn Express (80 rooms) is directly East.
- Just 2-miles North of Starbucks is the Riverchase Business District including notable company offices such as Blue Cross Blue Shield, Regions Bank, Frito-Lay, and more
- Average Starbucks building is 2,100+/- whereas the subject Starbucks is 2,500+/-
