3320 Montgomery Hwy - Restaurant FOR SALE


Dothan, AL 36303
$4,174,000 USD
980-498-3293
3320 Montgomery Hwy, Dothan, AL for Sale
$4,174,000 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

3320 Montgomery Hwy
Dothan, AL 36303


OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Fifteen year initial term - 10% rent increase every 5 years and during option periods - Absolute NNN Ground lease with no early termination clause - Three (3) - Five (5) year option periods CORPORATE LEASE WITH A GROWING BRAND - Lease signed with Jim ‘N Nicks corporate - 49 locations with more than 30 expected to open over the next 3 years - Strong credit tenant with new fast casual concept LOCATED IN A COMMERCIAL CORRIDOR - Over 2.5MSF of retail space located in a 1-mile radius - Outparcel to the Wiregrass Commons Mall boasting 638k sqft and over 50 retail stores - Anchor tenants include: Belk, Dillards, JCPenney, and more WIREGRASS INNOVATION CENTER - Just down the road from the asset the Wiregrass Innovation Center is being developed - 45,000 SF building that will house the HudsonAlpha Institute for Biotechnology - The 30 million dollar building is set to be completed in late 2025 10% NEW CONSTRUCTION - Newly built building with Jim ‘N Nick’s prototype - 1.9 acre lot with great parking ratio

FOR SALE DETAILS

PRICE

$4,174,000 USD

PRICE/SF

$639 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jim 'N Nick's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

B2

APN/PARCEL ID

09-02-10-2-000-001-007

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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