410 Pelham Rd N - Fast Food FOR SALE


Jacksonville, AL 36265
$1,200,000 USD
586-200-0041
410 Pelham Rd N, Jacksonville, AL for Sale
$1,200,000 USD
Fast Food - FOR SALE
1/6
null | 9.28% Cap Rate

410 Pelham Rd N
Jacksonville, AL 36265


HIGHLIGHTS

  • Proven freestanding drive-thru pad that ran as a Burger King for two decades before going dark.
  • Fronts Pelham Road (AL-21), a 22,000+ VPD artery linking I-20, US-431, and US-278 and the direct route to Jacksonville State University.
  • Minutes from Jacksonville State, a 10,000+ student D1 university that has grown five straight years.
  • Surrounded by national credit retailers.
  • Leased to Nashville Quality, LLC, a wholly-owned subsidiary of Restaurant Brands International NYSE: QSR
  • 7 years of contractual rent remaining ($860,000 in income)

OVERVIEW

AMC Real Estate Investment Services is pleased to present the single-tenant Burger King at 410 Pelham Road North in Jacksonville, Alabama. This freestanding, hard-corner drive-thru pad is leased to Nashville Quality, LLC, a subsidiary of Restaurant Brands International (NYSE: QSR). With roughly 7 years of RBI-backed rent remaining ($860,000) against a basis of about $340,000, a buyer collects income well below QSR pricing and replacement cost. The lease is true absolute NNN with zero landlord responsibilities, and rent bumps 10% every 5 years, taking NOI to $122,452 in August 2028. Fronting Pelham Road (AL-21) at 22,000+ VPD and minutes from Jacksonville State University, the pad anchors a proven retail node alongside Chick-fil-A, Starbucks, and McDonald's, and it's positioned to re-tenant quickly once the lease rolls.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

9.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,920 SF

ZONING

Commercial

APN/PARCEL ID

12-06-14-1-001-029.000

ASK ABOUT THIS PROPERTY

Corbin MontpasAMC Real Estate Investment ServicesMore Info
586-200-0041

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Corbin MontpasAMC Real Estate Investment ServicesMore Info
586-200-0041

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