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

4249 Balmoral Drive SW, Huntsville, AL, 35801

 

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

4249 Balmoral Drive SW, Huntsville, AL 35801

Existing Debt!
  • $4,677,455
  • 7,839 SF
  • $596.69
  • Retail
  • Free Standing Bldg
  • Net Lease Investment with 10+ years left on lease
  • 100%
  • 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
  • 2009
  • $319,826
  • $319,826
  • $319,826
  • $111,877

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

Contact Listing Broker to find out more details.

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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