14171 N Highway 231/431 - Fast Food FOR SALE


Hazel Green, AL 35750
$2,002,000 USD
510-289-1166
14171 N Highway 231/431, Hazel Green, AL for Sale
$2,002,000 USD
Fast Food - FOR SALE
1/1
null | 6% Cap Rate

14171 N Highway 231/431
Hazel Green, AL 35750


HIGHLIGHTS

  • Absolute NNN Lease to Established Sonic Franchisee with Approximately 10 Years Remaining
  • Strong Store Sales with Percentage Rent Included – Rent-to-Sales Ratio of 7.00%
  • Personal Guaranty from Experienced Operator with 32 Units
  • Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
  • Strong Location in Huntsville Suburb – Growing Market

OVERVIEW

Sonic is strategically located with frontage on U.S. Highway 231/431 (27,408 AADT). The total daytime population in 19,967 and the average household income is $80,900 within 5 miles. Hazel Green High School, Hazel Green Elementary, and two child care/development centers are all within a half mile of the site. Other restaurants and retailers in the vicinity include Walmart Supercenter, Walgreens, Foodland, Subway, Burger King, Zaxby's, Taco Bell, Arby's, and more. The new Townsend Place development is currently under construction less than half a mile north of the property. Townsend Place includes 325 acres of new single family homes and over 44 acres of commercial development along U.S. Highway 231/431. This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.

FOR SALE DETAILS

PRICE

$2,002,000 USD

PRICE/SF

$1,344 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

04-07-25-0-001-004.002

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.