Walk-On’s

464 Main St, Trussville, AL
Deal Type:
Net Lease
Price:
$6,285,715
Cap Rate:
7.00%
Current Rent:
$440,000
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
7,760 SF
Rent Increases:
10% Every 5 Years
Site Size:
1.29 Acres

Investment Highlights

  • Commitment: Brand-new, 15-year, absolute NNN lease with fixed 10% rental increases every 5 years in both the initial term and option periods.
  • Convenient Access: Excellent access and visibility from Gadsen Highway, seeing more than ±27,000 VPD.
  • Brand New Construction: State-of-the-art 2023 construction and one of Walk-On’s newest prototype designs which includes roll up windows to allow for an indoor/outdoor dining experience.
  • Strong Brand: Industry-leading average unit volume over $5MM across 78+ restaurants throughout 15 states | 100+ locations in some phase of planning or development.
  • New Development: Asset is part of the Hamilton Marketplace Development that includes a new Shell gas station convenience store, Trussville Board of Education as well as Grandview Medical Center Emergency Department.
  • Affluent-Market: Located in a high-income market of Birmingham with Average Household Incomes in excess of $109,000 within 1-Mile
    Proximity to Demand Drivers: Located less than 1.5 miles from The Pinnacle, A 75+ acre lifestyle center containing 445k+ SF of retail shops ~ Anchor tenants include JCPenney, Best Buy, AtHome, and Belk. Located roughly 4 miles from the Birmingham Race Course Casino.

Listing Agents

Adam Baxter

Vice President
205 394 3520
[email protected]

Adam English

Managing Director
256 694 9803
[email protected]

Broker of Record: Jonathan Wolfe, Lic. #000116991- 0

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