6813 S Highway 431 - Restaurant FOR SALE


Owens Cross Roads, AL 35763
$3,000,000 USD
415-625-2114
6813 S Highway 431, Owens Cross Roads, AL for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/3
null | 6% Cap Rate

6813 S Highway 431
Owens Cross Roads, AL 35763


HIGHLIGHTS

  • Brand New 20-Year Absolute NNN Ground Lease
  • 10% Rent Increases Every 5-Years During Primary Lease Term & Options
  • Brand New Construction | Latest Building Design
  • Affluent Suburban Area with Excellent Demographics

OVERVIEW

Brand New 20-Year Absolute NNN Ground Lease No Landlord management or maintenance obligations whatsoever Passive long-term lease shall commence upon Close of Escrow offering a new investor the maximum attainable term 10% Rent Increases Every 5-Years During Primary Lease Term & Options Providing long-term and predictable rent growth Brand New Construction | Latest Building Design Modernized building design includes a dual-lane drive-through that significantly expedites ordering and can help increase volumes Affluent Suburban Area with Excellent Demographics The Hampton Cove / Owens Cross Roads areas are some of the highest income areas in the state of Alabama $171,729 Average Household Income within a 1-Mile Radius $390,000 Median Home Value within a 1-Mile Radius Dominant Retail Hub Location | Situated Along Main Highway Direct street frontage along Highway 431 with traffic counts of 20,569 VPD National retailers surrounding the property include Lowe’s, Walmart Supercenter, Publix, AutoZone, Tire Discounters, Verizon, Dunkin’, PetSense, Circle K, Regions Bank, Dollar Tree, Cadence Bank, Anytime Fitness, Dutch Bros, and many more Whataburger - Renowned Burger Chain & Rapidly Expanding Privately owned American fast-food chain with over 1,000 locations Headquartered in San Antonio and currently operating in 15 States Annual sales revenues exceed $3.7 Billion Consistently Ranked in the Top 25 Fast Food chains in the U.S. (1) Rentable Area, Lot Size, Tenant, Guarantor, Building Specifications, Year Built, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process. (2) Tenant/Guarantor of the Lease is a franchisee of Whataburger, see Franchisee Overview.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$698 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger Ground Lease | Huntsville MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

-

APN/PARCEL ID

18-07-25-0-004-045.000

ASK ABOUT THIS PROPERTY

John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

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John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

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