14171 N Highway 231/431 - Fast Food FOR SALE


Hazel Green, AL 35750
$1,933,000 USD
510-289-1166
14171 N Highway 231/431, Hazel Green, AL for Sale
$1,933,000 USD
Fast Food - FOR SALE
1/2
null | 6.5% Cap Rate

14171 N Highway 231/431
Hazel Green, AL 35750


HIGHLIGHTS

  • Absolute NNN Lease to Established Sonic Franchisee with Approximately 7 Years Remaining
  • Strong Store Sales with Percentage Rent Included – 7.02% Rent-to-Sales Ratio
  • Personal Guaranty from Experienced Operator with 32 Units
  • Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
  • Strong, Growing Huntsville Suburb Location ~15 Miles Outside of the City
  • Close Proximity to Hazel Green High School & Elementary School

OVERVIEW

The property is secured by an absolute NNN lease to an established Sonic franchisee with approximately seven years remaining and a personal guaranty from an experienced 32-unit operator. The site benefits from strong store sales with percentage rent included and a favorable rent-to-sales ratio. Located in a growing Huntsville suburb along U.S. Route 431 (27,408 AADT), the property is near the new 370-acre Townsend Place development and close to Hazel Green schools. The functional site includes a drive-thru and outdoor patio seating. This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.

FOR SALE DETAILS

PRICE

$1,933,000 USD

PRICE/SF

$1,297 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

04-07-25-0-001-004.002

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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