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Browse More Listings in Retail For Sale, Huntsville, AL or Alabama

Retail Property For Sale

Logan's Roadhouse | Existing Debt - 9.50% C/C!

4249 Balmoral Drive SW, Huntsville, AL 35801

Price:
$4,677,455
Building Size:
7,839 SF
Price/SF:
$596.69
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Occupancy:
100%
Tenancy:
Single
Find Out More...

Last Verified 10/21/2009 Listing ID 16284470

Highlights

Absolute Net Leased Asset with 18+ Years Remaining on Lease
Below Market Non Recourse Assumable Financing @ 5.86%
Strong Credit Rating of B2 by Moody's

Corporately Guaranteed Lease w/ Zero Landlord Responsibilities
9.50% Cash on Cash Return Year One; 9.98% in Year Two
Annual 1.75% Increases

Description

We have been retained by the owner as exclusive agent and advisor for the disposition of the fee simple interest in an absolute net leased Logan's Roadhouse located in Huntsville, Alabama. The property has 18+ years remaining on an initial 20 year term with annual increases beginning in 2006. There is in place below-market financing that must be assumed only requiring 25% down allowing for a 9.5% cash on cash return year one. The debt is attractive and virtually unachievable in the current market giving a strong cash-on-cash return.

Hunstville is the largest city in Northern Alabama and the 2nd largest city in all of Alabama.

Financial Summary

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$319,826
Effective Gross Income
$319,826
Net Operating Income
$319,826
Pre-Tax Cash Flow
$111,877

Map of 4249 Balmoral Drive SW, Huntsville, AL 35801 (Madison County)

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Presented by

The Kase Group

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Contact Listing Broker

Lindsey Lantis (831) 566-6270

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Created 6/18/2009

Additional Information for 4249 Balmoral Drive Sw, Huntsville, AL 35801

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Logan's Roadhouse | Existing Debt - 9.50% C/C!

4249 Balmoral Drive SW, Huntsville, AL, 35801