About This Restaurant
Investment Highlights
Brand New 20-Year Absolute Triple Net (NNN) - Lease to be Signed at Closing Fee Simple Ownership - Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years Attractive Rental Increases - 1.50% Annual Rental Increases
Executive Summary
NNN Pro is pleased to present the exclusive listing for a KFC/Taco Bell located at 5692 Highway 278E, Hokes Bluff, AL 35903. The site consists of roughly 2,160 rentable square feet of building space on an estimated 0.48-acre parcel of land. This KFC/Taco Bell is subject to a 20 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $57,865 and has scheduled increases of 1.50% Annually.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,160
- Building Class B
- Year Built 2019
- Price 1,052,097
- Price Per SF 487
- Cap Rate 5.50
- NOI 57,865
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 0.48 AC
Property Taxes
| Parcel Number | 14-06-14-0-001-250.015 | Improvements Assessment | $15,000 |
| Land Assessment | $85,020 | Total Assessment | $100,020 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 5692 Us Highway 278 E , Hokes Bluff, Alabama, 35903 | ||