1980 Highway 77 - Fast Food FOR SALE


Southside, AL 35907
$1,477,000 USD
415-690-5522
1980 Highway 77, Southside, AL for Sale
$1,477,000 USD
Fast Food - FOR SALE
1/5
null | 6.5% Cap Rate

1980 Highway 77
Southside, AL 35907


HIGHLIGHTS

  • Potential NOI Upside of $42,500 per Year Due to Percentage Rent
  • 10% rental increases every five years of initial lease term ,four five year options, with 10% rental increases at the beginning of each options
  • Percentage rent potential provides significant upside for a Buyer
  • Leased to Bulldog Restaurants, LLC, a subsidiary of Starboard Group which is an operator of 165+ restaurants across eight states

OVERVIEW

This new Burger King is strategically located along Highway 77 in Southside, AL with direct visibility and access to more than 23,000 vehicles per day directly in front of the site. There is limited competing retail in the immediate trade area, so Burger King should be a welcome new amenity to surrounding residents as well as highway commuters. The property is in close proximity to Southside High School, serving more than 900 students and faculty which will provide this new Burger King with a nice built-in customer base. Near the Coosa River which is a prominent feature that contributes significantly to the local environment and recreational opportunities. Southside is located in Etowah County, and the Coosa River flows near this area, providing both natural beauty and resources

FOR SALE DETAILS

PRICE

$1,477,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

-

APN/PARCEL ID

21-03-05-0-001-205.000

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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