108 Field View Lane ln - Fast Food FOR SALE


Madison, AL 35756
$2,900,000 USD
415-625-2114
108 Field View Lane ln, Madison, AL for Sale
$2,900,000 USD
Fast Food - FOR SALE
1/3
null | 6.25% Cap Rate

108 Field View Lane ln
Madison, AL 35756


HIGHLIGHTS

  • Brand New 20-Year Absolute NNN Ground Lease
  • 10% Rent Increases Every 5-Years During Primary Lease Term & Options
  • Brand New Construction | Latest Building Design
  • Affluent Suburban Area with Excellent Demographics

OVERVIEW

Brand New 20-Year Absolute NNN Ground Lease • No Landlord management or maintenance obligations whatsoever • Passive long-term lease shall commence upon Close of Escrow offering a new investor the maximum attainable term 10% Rent Increases Every 5-Years During Primary Lease Term & Options • Providing long-term and predictable rent growth Brand New Construction | Latest Building Design • Modernized building design includes a dual-lane drive-through that significantly expedites ordering and can help increase volumes Affluent Suburban Area with Excellent Demographics • Madison and surrounding areas of the Huntsville MSA are some of the highest income areas in the state of Alabama • $152,057 Average Household Income within a 1-Mile Radius • $371,071 Median Home Value within a 1-Mile Radius Across from The Village Shoppes of Madison & New Developments • Direct street frontage along County Line Road (21,147 VPD) • The Village Shoppes of Madison: a Publix-anchored shopping center • New developments surround the subject including Circle K, Strickland Bros, Primrose School, and more coming soon • National tenants in the immediate trade area include Publix, Walmart Supercenter, Costco, Home Depot, Lowe’s, Kroger, and many more Whataburger - Renowned Burger Chain & Rapidly Expanding • Privately owned American fast-food chain with over 1,000 locations • Headquartered in San Antonio and currently operating in 15 States • Annual sales revenues exceed $3.7 Billion (Ranked by QSR Magazine) • Consistently Ranked in the Top 25 Fast Food chains in the U.S. (QSR Magazine)

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$863 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | #2 Burger Chain in AUV's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.93 AC

LAND SF

345,431 SF

ZONING

-

APN/PARCEL ID

1701010000001010

ASK ABOUT THIS PROPERTY

John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

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John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

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