68 Freedom Dr - Fast Food FOR SALE


Pike Road, AL 36064
$1,477,000 USD
470-344-2586
68 Freedom Dr, Pike Road, AL for Sale
$1,477,000 USD
Fast Food - FOR SALE
1/3
null | 6.5% Cap Rate

68 Freedom Dr
Pike Road, AL 36064


HIGHLIGHTS

  • 7 Years Remaining | Strong & Growing Tenant | Scheduled Rental Increases | Options to Extend
  • Absolute NNN | Zero Landlord Responsibilities |Fee Simple
  • Off I-85 | Near Hwy-80 | Strong National/Credit Tenant Presence | Nearby Home Developments
  • Ideal Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant currently has 7 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site • Ellianos Coffee was founded in Lake City, Florida and currently has 74 operating locations with over 200 additional locations planned • The lease features a 2% annual rental increases throughout initial term and options thereafter, steadily growing the NOI and providing a hedge against inflation

FOR SALE DETAILS

PRICE

$1,477,000 USD

PRICE/SF

$1,823 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ellianos Coffee - Pike Rd AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

08-05-15-0-002-003.000

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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