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Atlanta & Southeast  + Southeast  + Net Lease  | 
Four Springs Capital Trust has sold a Bojangles-leased property 1880 Gadsden Highway in Birmingham, AL for $2.8 million.

Four Springs Capital Trust Fries Up $3M Sale of NNN Leased Bojangles in Birmingham

Four Springs Capital Trust has sold a 3,718-square-foot retail property located at 1880 Gadsden Highway in Birmingham, AL for $2.8 million. The single tenant absolute triple net leased property leased to restaurant chain Bojangles had approximately six years of firm term remaining.

Karly Iacono of CBRE represented the seller and procured the buyer, a private real estate fund.

“Short term net lease provides attractive risk adjusted returns in today’s market,” said Iacono. “In addition, the demand for quick serve restaurants both from a consumer and investor standpoint remains strong.”

The 2013-constructed property is located in one of the main retail corridors of Birmingham and next to major anchor retailers such as Target, Home Depot, Lowe’s, Hobby Lobby and more. It is positioned at a signalized intersection for easy access and visibility.


Inside The Story

CBRE's Iacono

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition