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2085 7th Street S - Captain D's, Clanton, AL

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2085 7th Street S - Captain D's

Clanton, AL 35045 - Chilton County Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1992
Building Size:2,749 SF Land Area:.84 AC (36,373 SF)
For Sale Price:$1,347,277 Price/SF:$490.10
Cap Rate:7.75 %

Capatin D's is located on a corner lot on the south side of 7th Street South, in Clanton, Chilton County, Alabama, approximately 4 miles south of the Clanton Central Business District. Predominant land uses and competitors in the local market include Wal-Mart SuperCenter, Taco Bell, Hardee’s, Burger King, Waffle House and McDonald’s. The immediate area services interstate traffic with restaurants and service stations.

Sale Notes:
An approximately 2,749 SF quick-service restaurant building with drive-thru component for Captain D's. Tenant renovated the dining room interior in 2013. There is ample parking on site.

Leased to Captain D's, LLC for 20 years fromo August 2005 to August 2015 at a current annual net rent of $102,871. There are four-five-year optons to renew the lease. The rent increases by 1.5% anually throughtout the initial term and option periods. The next annual rent increase will occur on August 15, 2016 to $104,414. The lease is absolute net, with the tenant responsible for all taxes, insurance and maintenance including roof and structure.

Newmark Cornish & Carey - Maffia Team
Putnam Daily
(415) 445-5107

Mike Maffia
(415) 445-5144

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