Description

This offering presents the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN-leased investment property located in the Forestdale community of Birmingham, AL (Birmingham MSA). The tenant, Church’s Chicken, has four years remaining on the current lease term, with two additional five-year renewal options, underscoring their long-term commitment to the location. The lease includes annual rent increases throughout both the initial term and option periods, providing consistent net operating income (NOI) growth. As an absolute NNN lease, the property entails no landlord responsibilities, offering a truly passive, management-free investment. Strategically positioned in a high-traffic retail corridor with over 22,000 vehicles per day (VPD), the asset benefits from strong visibility and accessibility. Birmingham, the largest city in Alabama and one of the top 50 U.S. metropolitan areas, anchors a thriving regional economy. The Birmingham-Hoover MSA, home to over 1.18 million residents, serves as a key financial and healthcare hub in the Southeast. Major employers include Regions Financial, Protective Life Corporation, and PNC Bank, with the financial sector employing roughly 44,000 professionals. The University of Alabama at Birmingham (UAB)—the region’s largest employer with 28,000 employees—is a major economic driver, contributing an estimated $12.1 billion annual impact statewide. The area’s education and healthcare sectors together employ more than 80,600 individuals, and continued expansion, including UAB’s acquisition of St. Vincent’s Health System, reinforces the city’s leadership in medical innovation and education. The Birmingham economy continues to show strong momentum, with 1,800 new multifamily units delivered in the past year and 1,422 more under construction, reflecting sustained investor confidence. The Business Confidence Index rose to 60.6 in Q1 2025, the highest level since 2021, while the unemployment rate remains low at 2.6%, signaling a robust labor market. With its affordable cost of living, favorable tax environment, and growing cultural and entertainment amenities—including Protective Stadium and the Coca-Cola Amphitheater—Birmingham continues to attract residents, businesses, and investors alike, making this Church’s Chicken NNN property an outstanding stable and income-generating investment in a dynamic metropolitan market.