198 E Meighan Blvd - Fast Food FOR SALE


Gadsden, AL 35903
$2,253,000 USD
205-529-6484
198 E Meighan Blvd, Gadsden, AL for Sale
$2,253,000 USD
Fast Food - FOR SALE
1/1
null | 6.25% Cap Rate

198 E Meighan Blvd
Gadsden, AL 35903


OVERVIEW

Investment Grade Tenant with Corporate Guarantee Tenant recently fully renovated interior, exterior, and parking lot Rare ownership opportunity in cxtremely competitive market Strong recognizable brand Zero landlord responsibilities Long lease term remaining 20 year operating history in this location (built in 2004) Highest traffic counts in market Single tenant, freestanding building in this submarket is extremely rare; hard to replace Nearby other national retailers: Walmart, Hobby Lobby, TJ Maxx, Ross, Five Below, Ulta, Petco, Aldi, Panda, Panera Bread, etc. Serving 66,152 population within 7 mile radius trade area 35,492 Vehicles Per Day

FOR SALE DETAILS

PRICE

$2,253,000 USD

PRICE/SF

$921 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's Ground Lease - Gadsden

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,570 SF

ZONING

-

APN/PARCEL ID

15-02-03-4-000-120.000

ASK ABOUT THIS PROPERTY

Bill ClementsThe Retail CompaniesMore Info
205-529-6484

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Bill ClementsThe Retail CompaniesMore Info
205-529-6484

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