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3300 Pelham Parkway
Pelham, AL 35124
Asking Price
$1.92M
Cap Rate
6%
Asset Type
Bank Retail
Class
Class B
What's Special
Retail | 6.00% CAP | 2,256 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 | GUARANTORS: 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>39 Freddy’s res
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NOI
$80,000
Cap Rate
4.17%
DSCR
0.70
Underwater
Cash-on-Cash
-5.88%
Monthly Payment
$9,484.27
Annual Cash Flow
$-33,811.241
