826 E Lee St - Retail FOR SALE


Enterprise, AL 36330
$1,629,630 USD
332-345-4222
826 E Lee St, Enterprise, AL for Sale
$1,629,630 USD
Retail - FOR SALE
1/2
null | 6.75% Cap Rate

826 E Lee St
Enterprise, AL 36330


HIGHLIGHTS

  • 15-Year Absolute Triple Net (NNN) Lease with Rent Increases | At closing the tenant will execute a brand-new 15-year absolute triple net lease.
  • Strong Franchisee Guarantee | The lease will feature a guarantee from JJB Brands. JJB Brands operates more than 100 restaurants across five states
  • Outparcel to Publix-Anchored Shopping Center in a Dense Retail Corridor

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 826 E Lee Street, Enterprise, Alabama 36330. The site consists of roughly 1904 rentable square feet of building space on an estimated 2.5-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $110,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,629,630 USD

PRICE/SF

$856 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

-

APN/PARCEL ID

16-05-15-2-000-005.002

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.