Located at 9109, Parkway East, Birmingham, Alabama, this Papa John’s property comes with an absolute net lease that includes zero landlord responsibilities. The subject property is located in proximity to a Walmart Supercenter. It includes a superior frontage facing parkway E. This is an opportunity to own Papa John’s Pizza restaurant at a meager conservative rent. Papa John’s Pizza is an American restaurant company. Headquartered in Jeffersontown, Kentucky, the company operates the third-largest pizza takeaway and delivery restaurant chain in the world. The company’s logo says, “Better Ingredients. Better Pizza. Papa John’s.” Papa John’s operates over 4,600 restaurants, out of which more than 3,200 restaurants are located in the U.S., and the rest are spread across 34 other countries. The company opened its 4,000th restaurant in September 2012 in New Hyde Park, New York.
This investment property is suitable for a 1031 exchange.
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