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1845 Center Point Parkway
Birmingham, AL 35215
Asking Price
Contact for price
Asset Type
Bank Retail
Class
Class B
What's Special
Retail | 6.00% CAP | 2,454 SqFt <ul><li><strong>BRAND NEW 20-YEAR ABSOLUTE NNN LEASE:</strong> Brand new 20-year Absolute NNN lease, featuring <u>attractive 7.50% rental escalations </u>every 5 years with four 5-year options to renew!</li></ul><p></p><ul><li><strong>TENANT | GUARANTOR:</strong> <strong>Ram-Z Roost, LLC </strong>is an experienced multi-concept owner/operator with <strong>12 Popeyes locations </strong>in Alabama. The lease is further guaranteed by <strong><u>Ram-Z Restaurant Group </u></strong>includes <strong
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
