14637 Highway 231 431 N - Fast Food FOR SALE


Hazel Green, AL 35750
$3,087,000 USD
941-504-4222
14637 Highway 231 431 N, Hazel Green, AL for Sale
$3,087,000 USD
Fast Food - FOR SALE
1/8
null | 5.5% Cap Rate

14637 Highway 231 431 N
Hazel Green, AL 35750


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease – Zero landlord responsibilities - Corporate-operated Burger King store
  • Built in 2015 – modern construction - 14.5 years remaining on lease (expires 10/31/2038)
  • Annual rent: $169,781 with scheduled increases - Traffic counts: 22,380+ vehicles per day on Hwy 231/431
  • Walmart Supercenter outparcel with strong national co-tenancy. Surrounded by national retailers: Walmart, Starbucks, Whataburger, Taco Bell & Zaxby's
  • Located 25 minutes north of Downtown Huntsville (459K+ MSA population)
  • Situated Near Hazel Green Elementary and Hazel Green High School which is home to 2,400 total students

OVERVIEW

Franklin Street is pleased to offer a rare absolute triple-net Burger King Corporate Lease located on a Walmart outparcel in Hazel Green, Alabama. Built in 2015, the 3,115-square-foot corporate-operated restaurant sits on 0.97 acres and features zero landlord responsibilities. The asset has 14.5 years of remaining lease term with scheduled rent increases through 2038, providing stable, long-term cash flow. The property benefits from its strategic location along Hwy 231/431, seeing 22,380+ vehicles per day, and is surrounded by strong national retailers including Walmart, Starbucks, Whataburger, Taco Bell & Zaxby's. Just 25 minutes from Huntsville, one of the fastest-growing MSAs in the Southeast, this location draws from a population base of more than 450,000 residents. This offering combines passive income, corporate credit, and prime positioning in an established retail corridor. This area just north of Huntsville has see explosive growth with multiple national home builders delivering or in process on nearly 1,000 homes in the immediate area. This location is also situated near Hazel Green High School and Hazel Green Middle School with over 2,400 students combined. This Burger King features a double drive thru and excellent parking, access and visibility.

FOR SALE DETAILS

PRICE

$3,087,000 USD

PRICE/SF

$1,015 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C

APN/PARCEL ID

04-06-24-0-000-001.002

ASK ABOUT THIS PROPERTY

Justin SturdivantFranklin StreetMore Info
941-504-4222

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Justin SturdivantFranklin StreetMore Info
941-504-4222

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