43137 US Highway 72 - Fast Food FOR SALE


Stevenson, AL 35772
$1,957,284 USD
332-345-4222
43137 US Highway 72, Stevenson, AL for Sale
$1,957,284 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

43137 US Highway 72
Stevenson, AL 35772


HIGHLIGHTS

  • Existing 15 Year Lease Term
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 43137 US Hwy 72. The site consists of roughly 3,418 rentable square feet of building space on an estimated 1.1-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and no remaining renewal options. The current rent annual rent is $122,330 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term.

FOR SALE DETAILS

PRICE

$1,957,284 USD

PRICE/SF

$573 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

14-03-08-0-000-143.000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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