2301 Cobbs Ford Rd - Restaurant FOR SALE


Prattville, AL 36066
$3,898,109 USD
781-776-4006
2301 Cobbs Ford Rd, Prattville, AL for Sale
$3,898,109 USD
Restaurant - FOR SALE
1/5
null | 5.5% Cap Rate

2301 Cobbs Ford Rd
Prattville, AL 36066


HIGHLIGHTS

  • Long Term Lease
  • Rare & Attractive Rent Increases
  • Zero Management Responisibilities
  • Dynamic Tenant
  • Prime Retail Location
  • Strong Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a First Watch located at 2301 Cobbs Ford Road in Prattville, Alabama (the “Property”). The free-standing single tenant First Watch consists of a 6,560 square foot building on a 1.75-acre parcel. First Watch has a new 10-year Absolute NNN Lease with three (3), five-year renewal options. The lease calls for attractive 10% rent increases every 5-years throughout the primary lease term and at the start of each renewal option. First Watch is currently under construction with an anticipated rent commencement date of August 11, 2025. First Watch is extremely well located at the signalized intersection of Cobbs Ford Road, the region’s primary commercial corridor, and US Highway 82, a primary commuter corridor. The Property enjoys outstanding visibility, frontage and access and is part of a dominant trade area that is home to countless national retailers and restaurants, Prattville Baptist Hospital, and major roadways including US Route 31 and Interstate 65, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools, multiple nationally branded hotel/motels, and is surrounded by residential neighborhoods providing a built-in customer base.

FOR SALE DETAILS

PRICE

$3,898,109 USD

PRICE/SF

$571 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Watch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

-

APN/PARCEL ID

26-03-07-0-001-020.001

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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