1655 W Main St - Fast Food FOR SALE


Centre, AL 35960
$2,400,000 USD
929-229-2614
1655 W Main St, Centre, AL for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/9
null | 6% Cap Rate

1655 W Main St
Centre, AL 35960


HIGHLIGHTS

  • 20-Year Sale-Leaseback | Experienced Operator (191+ Units) | Options to Extend | Established Location
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Near Ingles Anchored Center | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, guaranteed by Soar QSR (191+ unit operator) Sonic investment property located in Centre, Alabama. Soar QSR is the 3rd largest Sonic franchisee and will sign a brand new, 20-year lease at the close of escrow (sale-leaseback) with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,401 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Highway Commercial

APN/PARCEL ID

14-04-17-4-000-016.000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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