Hwy 55 | New 20-Year Absolute NNN Lease 3306 Cloverdale rd

Investment Highlights

Brand New 2023 High-Quality Construction (Now Open) 10% Rent Increases Every 5-Years in Primary Term & Options Traffic Counts Exceed 22,000 Vehicles Per Day 20-Year Absolute NNN Lease (Zero Landlord Responsibilities) Located in Dense Retail Trade Area Adjacent to Taco Bell, Slim Chickens, Dollar General, & Advance Auto Parts Corporate Guarantee from Hwy 55 --- Hwy 55 Has Evolved into an Iconic Brand in the Southeast Now with Over 140 Locations

Executive Summary

The subject property is a newly constructed Hwy 55 Burgers, Shakes & Fries drive-thru located in Florence (Outside Huntsville), AL. The brand new 20-year absolute NNN lease is corporately guaranteed by Hwy 55 and includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods.This brand-new Hwy 55 just opened for business and is strategically located in a dense retail trade area adjacent to Taco Bell, Slim Chickens, Dollar General, and Advance Auto Parts. The property shares access with a new Slim Chickens and Taco Bell drive-thru and benefits from its excellent visibility along Cloverdale Road, which boasts over 22,000 vehicles per day. National retailers in the immediate vicinity include Walmart, CVS, Zaxby?s, Culver?s, Verizon, Dollar General, Dollar Tree, Advance Auto Parts, McDonald?s, O?Reilly Auto Parts, and many more. This is an excellent opportunity for an investor to purchase a stable, long-term investment with zero landlord responsibility.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
• Building Size    2,152
• Year Built    2023
• Price    2,622,657
• Price Per SF    1,219
• Cap Rate    7
• NOI    183,586
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.07 AC

• Drive Thru