1236 Beltline Rd SW - Fast Food FOR SALE


Decatur, AL 35601
$1,689,000 USD
570-762-6075
1236 Beltline Rd SW, Decatur, AL for Sale
$1,689,000 USD
Fast Food - FOR SALE
1/4
null | 7.1% Cap Rate

1236 Beltline Rd SW
Decatur, AL 35601


HIGHLIGHTS

  • 11 Years Remaining | Annual Increases | Options To Extend | Well-Known & Established QSR Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Excellent Visibility & Access | 37,500 VPD Retail Thoroughfare |National/Credit Tenants | Direct Consumer Base
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Captain D’s LLC, recently exercised an early extension option, extending the lease an additional 5 years (11 years total), and has 2 (10-year) options remaining, demonstrating their commitment to the site • The lease features 1.25% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation • Captain D’s is the nation’s leading fast casual seafood restaurant with 540+ locations nationwide

FOR SALE DETAILS

PRICE

$1,689,000 USD

PRICE/SF

$568 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Captain D's Seafood

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,214 SF

ZONING

M-1A

APN/PARCEL ID

02-07-36-4-002-010.001

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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