966 Gilbert Ferry Rd - Fast Food FOR SALE


Attalla, AL 35954
$2,208,000 USD
206-826-5730
966 Gilbert Ferry Rd, Attalla, AL for Sale
$2,208,000 USD
Fast Food - FOR SALE
1/7
null | 5.4% Cap Rate

966 Gilbert Ferry Rd
Attalla, AL 35954


HIGHLIGHTS

  • Absolute NNN Lease with Corporate Guarantee from Arby's Restaurant Group - Arby's Just Agreed to Extend the Lease an Additional 10 Years Through April
  • Full Remodel in 2024 at Cost of More than $600,000
  • Extremely Strong Store Sales and Very Healthy Rent/Sales Ratio (See Agent for Details)
  • Hard Corner, Signalized Intersection Location Directly Across from Walmart
  • Placer.ai Ranks This Restaurant In the 94th Percentile Nationally (179th Out of 3,117)

OVERVIEW

Marcus & Millichap is proud to offer for sale the Arby’s fast-food restaurant located in Attala, Alabama at 966 Gilbert Ferry Road Southeast. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is corporate guaranteed by Arby’s which is headquartered in Atlanta, Georgia. The 20-year lease was originally signed in 2006 and Arby’s recently agreed to extend the lease an additional 10 years through April 2036. In 2024 Arby's completed a full remodel of the building to their latest prototype. The remodel cost was valued at more than $600,000. The lease includes 10% rent bumps every five years throughout the lease and the option periods.

FOR SALE DETAILS

PRICE

$2,208,000 USD

PRICE/SF

$725 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's (Corp. - Just Remodeled & Lease Ext.)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

16-01-11-0-001-016.002

ASK ABOUT THIS PROPERTY

Hank WolferMarcus & MillichapMore Info
206-826-5730

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Hank WolferMarcus & MillichapMore Info
206-826-5730

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