About This Restaurant
Investment Highlights
Major Retail and Community Service Hub Full 15-Year NNN Lease Attractive Lease Terms Newly Renovated Free-standing Building High Traffic Corridor with Signalized Left-turn Access Nationally Recognized Brand with an Experienced Multi-unit Operator
Executive Summary
The Net Lease Group exclusively offers for sale, Tropical Smoothie CafeNorthport (Tuscaloosa, AL) a 2,296 SF freestanding, newly renovated QSR building on the SE corner of McFarland N Boulevard / US 82 (42,435 VPD-2022) and Tyler Drive, about 1,000? East of the intersection of US 43 (41,741 VPD-2022), aka Lurleen B. Wallace Blvd and across McFarland N Blvd. from Chick-fil-a. Walmart Neighborhood Market, Harbor Freight Tools, Publix Super Market, Hobby Lobby, Pet Supermarket, and Office Depot all operate stores within 1,000? of the Property.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,400
- Building Class B
- Year Built/Renovated 1983/2001
- Price 2,892,069
- Price Per SF 1,205
- Cap Rate 5.75
- NOI 166,294
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.51 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Amenities & Transportation
Retail | Mcallister's Deli | ||
Retail | PNC Bank | ||
Retail | Waffle House | ||
Retail | Rent-A-Center | ||
Retail | Regions Bank | ||
Retail | Smartbank | ||
Retail | Piggly Wiggly | ||
Retail | Publix | ||
Retail | Synovus Bank | ||
Retail | Chicken Salad Chick |
Property Taxes
Parcel Number | 31-02-10-2-005-004.000 | Improvements Assessment | $21,020 |
Land Assessment | $80,360 | Total Assessment | $101,380 |
Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
Address: | 1425 McFarland Blvd , Northport, Alabama, 35476 |