INVESTMENT OFFERING
SAB Capital is pleased to present Hooters in Pelham, AL, 12 Miles South of Birmingham. The lease features a triple-net (NNN) structure with a 6.7% escalation coming in July of 2027. The subject property boasts strong location fundamentals with a 10.9% increase in population since 2010. The property is located along Highway 119 which see over 29,500 vehicles per day.
- Hooter’s in Pelham, AL | Located 12 Miles South of Birmingham, AL
- Zero Landlord Responsibilities | Triple Net (NNN) Lease Structure
- Robust Local Population Growth | 10.9% Increase in 5 Mile Radius Since 2010; 3.2% Project Rise Through 2028
- Dense Retail Trade Area | 1.2 Million Square Feet of Retail Within 1 Mile
- Close Proximity to Interstate Highway | Under a 1/2 Mile From I-65
- Strong Location Fundamentals | Located Along Highway 119 Which Sees 29,934 Vehicles Per Day
- Proven Long Term Location | Hooter’s Has Operated Here For Over 20 Years
- National Retailers Located Nearby | Wendy’s, Chick-fil-A, Dunkin’, KFC, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Hooters | $2,666,666 | 6.75% | NNN | 4,840 | Available |
