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40 Ali Way - Logan's Roadhouse, Oxford, AL

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DetailMap
40 Ali Way - Logan's Roadhouse

Oxford, AL 36203


Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:2001
Building Size:8,140 SF Land Area:1.14 AC (49,658 SF)
For Sale Price:$2,998,341 Price/SF:$368.35
Cap Rate:8.50 %
Parking:Ratio of /1,000 SF


Calhoun County is strategically located in one of the South's fastest growing corridors. Centered along I-20 between Atlanta, GA and Birmingham, AL, Oxford has a low cost of living, outstanding work ethic and quick access to the transportation hubs of the Southeast.

Preliminary plans for a new 360-acre recreational complex located off Leon Smith Parkway include eight baseball/softball fields, five soccer/football fields, tennis courts, a playground, a 21-acre lake, a signature baseball field, and approximately 3 miles of bike/walking trails. Nestled in the shadow of the Talladega National Forest, the region boasts the deepest gorge in the state and the densest concentration of federally protected wilderness in the nation.

Talladega Superspeedway, the biggest, fastest, most competitive motorsports facility in the world, is located approximately 15 miles from the Logan's property. Talladega Superspeedway can accommodate more than 143,000 seated guests and thousands more in the 212-acre infield.

Sale Notes:
Marcus & Millichap is pleased to present the exclusive listing for the Logan’s Roadhouse located at 40 Ali Way in Oxford, Alabama. The property is 8,140 rentable square feet and is situated on a 1.14-acre lot.

Logan’s Roadhouse currently has over nine years remaining on their original 20-year true triple-net (NNN) lease. At closing, the tenant will be extending the existing lease by an additional 10 years and investing $125,000 in capital improvements at this location demonstrating their commitment to the site. The base annual rent is $254,859. The lease calls for 1.75% annual rental escalations throughout the base term and the five, five year renewal option periods.

Logan’s Roadhouse is a leading casual dining steakhouse headquartered in Nashville, Tennessee. The sights, the sounds and the spirit of the brand’s Music City roots can be felt through all 221 corporate and franchise restaurants in 23 states.

Marcus & Millichap
Eddie Greenhalgh
(205) 510-9111

  
Marcus & Millichap Inc
Glen Kunofsky
(212) 430-5100

Edward Otocka
(212) 430-5235

Gaurab Reja
(646) 805-1412

Christopher Urban
(212) 430-5123




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