1030 Montgomery Hwy - Restaurant FOR SALE


Vestavia Hills, AL 35216
$2,192,025 USD
332-345-4222
1030 Montgomery Hwy, Vestavia Hills, AL for Sale
$2,192,025 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

1030 Montgomery Hwy
Vestavia Hills, AL 35216


HIGHLIGHTS

  • Long-term, Absolute Triple-Net (NNN) Lease
  • Strong Corporate Guarantee
  • Affluent Community
  • Robust Traffic Counts

OVERVIEW

Surmount is pleased to present the exclusive listing for a Red Lobster located at 1030 Montgomery Hwy S., Vestavia Hills, AL 35216. The site consists of roughly 9,585 rentable square feet of building space on an estimated 2.19-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $175,362 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,192,025 USD

PRICE/SF

$229 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,400 SF

ZONING

B2

APN/PARCEL ID

28-00-30-3-002-002.000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.