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 8670 Hwy 72, Madison AL. The site consists of roughly 3,474 rentable square feet of building space on an estimated 1.3-acre parcel of land. This investment opportunity features an existing fifteen (15) year lease term with zero landlord responsibilities and no remaining renewal options. The current rent annual rent is $151,246 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 Restaurant
- Building Size 3,474
- Year Built 2017
- Price 2,520,767
- Price Per SF 726
- Cap Rate 6
- NOI 151,246
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 1.30 AC
Nearby Amenities & Transportation
Retail | Chili's | ||
Retail | IHOP | ||
Retail | Panda Express | ||
Retail | Burn Boot Camp | ||
Retail | Workout Anytime | ||
Retail | Truist | ||
Retail | CrossFit | ||
Retail | Taziki?s Mediterranean Caf? | ||
Retail | Walk-On's | ||
Retail | Five Guys |
Property Taxes
Parcel Number | 15-09-30-1-000-068.007 | Improvements Assessment | $131,460 |
Land Assessment | $133,260 | Total Assessment | $264,720 |
Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
Address: | 8670 Hwy 72 w , Madison, Alabama, 35758 |