The two Tuscaloosa, AL locations are just 1 and 3 miles away from The University of Alabama, respectively – a public university that is approaching an enrollment of nearly 40,000 students. The two Oxford, AL locations, as well as the Pell City, AL location, are all less than hour away from Birmingham, AL – the largest city in the state of AL with a population estimated at 212,237 people. Lastly, the Jacksonville, AL location is less than a half mile away from Jacksonville State University – a public university with approximately 9,000 students.
Holliday Fenoglio Fowler, L.P. (“HFF”) Net Lease Advisory is pleased to exclusively offer a net lease opportunity to acquire a fee simple interest in eight single tenant properties leased to Wendy’s (the “Property”) conveniently located across the state of Alabama. In summary, all eight of the properties are operating on absolute NNN leases, which have 13.5 years of remaining term and rare, 2% annual rental increases inclusive of the two (2), ten (10) year option periods. There is no landlord responsibility associated with any of the properties in the portfolio.