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Pizza Hut 1211 7th St S 2,200 SF Retail Building Clanton, AL 35045 $1,629,630 ($740.74/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Triple Net (NNN) Sale-Leaseback | This investment is subject to 20-year sale leaseback upon close of escrow with zero responsibilities
- High Traffic Counts and Excellent Visibility | The subject property benefits from direct frontage to the high traffic counts in the area
- Strong Franchisee Guarantee | This lease will be subject to a strong guarantee from JJB Brands
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1211 7th Street South, Clanton, Alabama 35045. The site consists of roughly 2200 rentable square feet of building space on an estimated 1.13-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $110,000 and has scheduled increases of 10.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built
1998
Price
$1,629,630
Price Per SF
$740.74
Cap Rate
6.75%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.13 AC
Zoning
B2 - General Commercial District
Parking
6 Spaces (1.68 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1701120001028001 | Improvements Assessment | $69,960 |
| Land Assessment | $25,800 | Total Assessment | $95,760 |
PROPERTY TAXES
Parcel Number
1701120001028001
Land Assessment
$25,800
Improvements Assessment
$69,960
Total Assessment
$95,760
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Pizza Hut | 1211 7th St S
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