1409 Woodward Ave - Fast Food FOR SALE
Muscle Shoals, AL 35661 |
$740,000 USD
248-702-0288
1409 Woodward Ave
Muscle Shoals, AL 35661
HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Responsibilities - Tenant is responsible for all taxes, insurance, CAM, roof, and structure
- Strong National Credit Tenant – Little Caesars is the third-largest pizza chain in the U.S. with over 5,463 locations worldwide
- Attractive 4.3% Rent-to-Sales Ratio – Favorable rent coverage demonstrates strong unit-level performance and long-term occupancy sustainability
- Annual Rent Growth Built In - Lease features 1.5% annual rental increases, offering predictable income growth and a hedge against inflation
- Drive-Thru Equipped Location – Property features a drive-thru component, enhancing customer convenience, and increasing sales volume
- Long-Term Lease Security with Options - Lease includes two (2) five-year renewal options, extending long-term income potential beyond the initial term
FOR SALE DETAILS
PRICE
$740,000 USD
PRICE/SF
$322 USD /SF
CAP RATE
6.76%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Little Caesars
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.25 AC
LAND SF
10,836 SF
ZONING
-
APN/PARCEL ID
07-07-35-3-005-006.000
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248-702-0288
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248-702-0288
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