900 S Eufaula Ave - Fast Food FOR SALE


Eufaula, AL 36027
$5,146,000 USD
949-270-8206
900 S Eufaula Ave, Eufaula, AL for Sale
$5,146,000 USD
Fast Food - FOR SALE
1/5
null | 4.25% Cap Rate

900 S Eufaula Ave
Eufaula, AL 36027


HIGHLIGHTS

  • Over 14 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Eufaula Square Center (106,000 SF) | Drive-Thru Lane Equipped |Eufaula Town Center (92,000 SF) | Primary Retail Corridor | Limited Competition

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, Chick-fil-A investment property located in Eufaula, Alabama. The tenant, Chick-fil-A, Inc has over 14 years remaining on their lease with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$5,146,000 USD

PRICE/SF

$2,947 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-Fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,462 SF

ZONING

C2

APN/PARCEL ID

24-03-05-1-018-001-000-0

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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