About This Restaurant
Investment Highlights
Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years! New, High-Quality, Build-to-Suit Construction of Slim Chickens Latest Prototype with Double Drive-Thru - Slated to Open March 2023! Across the Street from a Large Chapel Church & Blocks Away from Walmart! Dixie Chicken, LLC Owns & Operates a Total of 15 Slim Chickens Locations (13 in Arkansas & 2 in Alabama) Positioned on a ?0.93-Acre Lot with Great Visibility/Access on Cloverdale Rd where Traffic Counts Exceed 22,310 CPD! Total Population (5-MI): 48,859 | Average Household Income (1-MI): $75,780
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 3,570
- Building Class B
- Year Built 2023
- Price 3,252,000
- Price Per SF 911
- Cap Rate 6
- NOI 195,101
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.93 AC
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | 15-08-27-3-003-003.000 | Improvements Assessment | $71,920 |
| Land Assessment | $0 | Total Assessment | $71,920 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 3020 Cloverdale Rd , Florence, Alabama, 35633 | ||