504 N Main St - Fast Food FOR SALE


Tuskegee, AL 36083
$1,717,000 USD
949-506-2012
504 N Main St, Tuskegee, AL for Sale
$1,717,000 USD
Fast Food - FOR SALE
1/6
null | 6.25% Cap Rate

504 N Main St
Tuskegee, AL 36083


HIGHLIGHTS

  • Franchisee Guaranteed Lease (40+ Units) | Scheduled Rental Increases | Healthy Rent-to-Sales
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Tuskegee University (2,800+ Students) | VA Medical Center - Tuskegee
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Bulldogs Restaurants, LLC (40+ units) guaranteed lease | Bulldog Restaurants, LLC is a subsidiary of of Starboard Investments, which is an operator of 50+ Jimmy Johns and 40+ Burger Kings | Speak with Agent for details • 13.5 years of initial term remaining • Healthy rent-to-sales ratio at sub-8% | Speak with Agent for details • The lease features 10% rental increases every 5 years throughout the initial term

FOR SALE DETAILS

PRICE

$1,717,000 USD

PRICE/SF

$499 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | University Location | 13.5 Yrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

583

APN/PARCEL ID

07-09-30-3-002-015-0020

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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