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Papa John’s Franchisee Corporate Office| Birmingham, AL

2300 RESOURCE DRIVE, BIRMINGHAM, ALABAMA, 35242
$2,486,327

Description

Marcus & Millichap is pleased to offer this Single Tenant Office property leased to a Papa John’s franchisee with an absolute-net lease with zero landlord responsibilities.
Papa John’s Pizza in an American restaurant company. It runs the third largest take-out and pizza delivery restaurant chain in the world, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville.
Its slogan is “Better Ingredients. Better Pizza. Papa John’s.” Internationally, there are over 4,600 Papa John’s establishments, including over 3,200 in the U.S. and the remainder spread among 34 other countries. In September 2012, Papa John’s Pizza opened its 4,000th restaurant, in New Hyde Park, New York.

  • Absolute Triple-Net
  • Zero Landlord Responsibilities
  • Experienced Franchisee
  • Ample Parking
  • Single Tenant Net Leased Asset

Property Documents

  • PJ-office-Birmingham-AL-om-ib
  • City: Birmingham
  • State/county: Alabama
  • Zip/Postal Code: 35242
  • Country: United States

Detail

  • Price: $2,486,327

Additional details

  • CAP Rate: 8.25%
  • NOI: $205,122

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