2775 Dr John Haynes Dr - Restaurant FOR SALE
Pell City, AL 35125 |
$2,906,000 USD
561-427-6699
2775 Dr John Haynes Dr
Pell City, AL 35125
HIGHLIGHTS
- New 15-Year corporately guaranteed Outback Steakhouse ground lease on large 1.71 Acre parcel
- Absolute Net ground lease provides passive ownership and stable cash flow for absentee owner
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
- Outback has over 1,300 locations in 23 Countries throughout North and South America, Asia and Australia
- Brand new construction with warranties and latest Outback prototype
- From 2000 - 2023 St. Clair County grew by 4.25%, making it the fastest growing County in the Birmingham MSA
FOR SALE DETAILS
PRICE
$2,906,000 USD
PRICE/SF
$619 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Outback Steakhouse | 5.85% CAP | 15-YR GL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
11.76 AC
LAND SF
512,404 SF
ZONING
-
APN/PARCEL ID
23-07-36-1-001-003.002
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561-427-6699
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561-427-6699
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