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Virtual Drive-By

Arby's NNN

652 1st St N · Alabaster, AL 35007 · QSR / Restaurant

Asking price
$1,490,000
Cap rate
6.00%
NOI
$941,073

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining3.1 yrs
Expiration08/2029
Rent bumps
Options
Ground leaseNo
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,435
Price / SF$612
Year built1970
Lot size
TypeRestaurant
Days on market643

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • Prime location next to Shelby Baptist Medical Center

  • High visibility along busy Highway 119

  • Total NNN lease with gross sales provision as additional rent

  • Operating since 1988 at this location

  • Four (4) five-year lease options remaining

  • 10% rental adjustment per option

Property overview

REDUCED PRICE

Located next to the Shelby Baptist Medical Center along the busy Highway 119 corridor, this Arby's restaurant presents a prime investment opportunity.​ The property features an existing five-year, renewable corporate lease set to expire in September 2029, with four additional five-year options remaining.​ Each option includes a 10% rental adjustment, ensuring a steady increase in rental income.​

Arby's assumed the lease from Jack's Family Restaurant in 1988 and has been successfully operating at this location ever since.​ This property offers a stable and lucrative investment with the potential for long-term growth.​ Don't miss out on this exceptional opportunity to invest in a well-established location with a reliable tenant.​

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.