122 Carl Cannon Blvd - Retail FOR SALE


Jasper, AL 35501
$1,687,227 USD
332-345-4222
122 Carl Cannon Blvd, Jasper, AL for Sale
$1,687,227 USD
Retail - FOR SALE
1/2
null | 7.5% Cap Rate

122 Carl Cannon Blvd
Jasper, AL 35501


HIGHLIGHTS

  • Zero Landlord Responsibility
  • Strong Franchisee Guarantee
  • Long-Term Lease with Performance-Based Rent Structure
  • Strong Demographics Supporting Long-Term Growth

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Burger King located at 122 Carl Cannon Blvd, Jasper, AL 35501. The site consists of roughly 3,443 rentable square feet of building space on an estimated 1-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 11/30/2017. The current annual rent is $126,542 and has scheduled increases of variable.

FOR SALE DETAILS

PRICE

$1,687,227 USD

PRICE/SF

$490 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

17-07-26-0-001-060-0020

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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