1301 W Maple Ave - Fast Food FOR SALE


Geneva, AL 36340
$875,000 USD
305-308-2635
1301 W Maple Ave, Geneva, AL for Sale
$875,000 USD
Fast Food - FOR SALE
1/8
null | 7.3% Cap Rate

1301 W Maple Ave
Geneva, AL 36340


HIGHLIGHTS

  • Triple Net (NNN) Lease - Zero Landlord Obligations
  • Strong Performing Tenant combined with Low Rent
  • 10% Increases Every 5 Years
  • 5.5 Years Remaining on Initial Base Term, plus Four additional 5-YR Options

OVERVIEW

Marcus & Millichap is pleased to present an exceptional investment opportunity: a strong-performing Hardee’s in Geneva, Alabama. This triple-net (NNN) leased asset offers 5.5 years remaining on the base term, with four additional 5-year renewal options and built-in 10% rent increases every five years. Priced below market with a favorable cap rate, this stabilized asset combines long-term value with immediate upside.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,607 SF

ZONING

-

APN/PARCEL ID

190624100500100100

ASK ABOUT THIS PROPERTY

Debra FranklinMarcus & MillichapMore Info
305-308-2635

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Debra FranklinMarcus & MillichapMore Info
305-308-2635

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