About This Restaurant
Investment Highlights
Existing 15 Year Lease Term Attractive Rental Increases of Five Percent (5%) Every Five (5) Years Triple Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Burger King located at 3035 Jeff Road, Harvest AL. The site consists of roughly 3,440 rentable square feet of building space on an estimated 1.5-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities with no remaining renewal options. The current rent annual rent is $134,866 and is scheduled to increase by five percent (5%) every five (5) years throughout the base term.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 3,440
- Year Built 2017
- Price 2,157,859
- Price Per SF 627
- Cap Rate 6.25
- NOI 134,866
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.50 AC
Property Taxes
| Parcel Number | 06-06-23-0-000-006.011 | Improvements Assessment | $87,620 |
| Land Assessment | $132,300 | Total Assessment | $219,920 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 3035 Jeff Rd , Harvest, Alabama, 35749 | ||