8670 Hwy 72 w - Restaurant FOR SALE


Madison, AL 35758
$2,520,767 USD
332-345-4222
8670 Hwy 72 w, Madison, AL for Sale
$2,520,767 USD
Restaurant - FOR SALE
1/2
null | 6% Cap Rate

8670 Hwy 72 w
Madison, AL 35758


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 8670 Hwy 72, Madison AL. The site consists of roughly 3,474 rentable square feet of building space on an estimated 1.3-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 $151,246 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term.

FOR SALE DETAILS

PRICE

$2,520,767 USD

PRICE/SF

$726 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

-

APN/PARCEL ID

15-09-30-1-000-068.007

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.