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10170 US Highway 431 5,780 SF Retail Building Albertville, AL 35950 $3,545,000 ($613.32/SF) 5.50% Cap Rate
Investment Highlights
- 2025, BRAND NEW CONSTRUCTION LONGHORN WITH A FRESH 10-YR LEASE
- FAST-GROWING MARKET EXPERIENCING DEVELOPMENT MOMENTUM - BOOMING RETAIL CORRIDOR
- DARDEN, THE WORLD’S LARGEST FULL-SERVICE RESTAURANT COMPANY
Executive Summary
• Longhorn (Rare Hospitality International) signed a brand new 10-year lease, which
commenced in November 2025 and expires 10 years thereafter
• 10% rental escalations every five (5) years, signaling strong NOI growth
• No early termination, or kick-out clause
• Zero landlord responsibilities, everything falls on the tenant, leading to passive
cash flow and “Mailbox Money”
• Ample parcel size at ±1.87 acres
commenced in November 2025 and expires 10 years thereafter
• 10% rental escalations every five (5) years, signaling strong NOI growth
• No early termination, or kick-out clause
• Zero landlord responsibilities, everything falls on the tenant, leading to passive
cash flow and “Mailbox Money”
• Ample parcel size at ±1.87 acres
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
5,780 SF
Year Built
2025
Price
$3,545,000
Price Per SF
$613.32
Cap Rate
5.50%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 160931-0-001-078003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $102,620 |
Property Taxes
Parcel Number
160931-0-001-078003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$102,620
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10170 US Highway 431
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