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Burger King 122 Carl Cannon Blvd 3,443 SF Retail Building Jasper, AL 35501 $1,559,310 ($452.89/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Zero Landlord Responsibility
- Strong Franchisee Guarantee
- Long-Term Lease with Performance-Based Rent Structure
- Strong Demographics Supporting Long-Term Growth
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Burger King located at 122 Carl Cannon Blvd, Jasper, AL 35501. The site consists of roughly 3,443 rentable square feet of building space on an estimated 1 acre parcel of land. This Burger King is subject to a 20 year Triple Net (NNN) lease, which commenced 11/30/2017. The current annual rent is $113,050 and has scheduled increases of variable.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,443 SF
Building Class
B
Year Built
2017
Price
$1,559,310
Price Per SF
$452.89
Cap Rate
7.25%
NOI
$113,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
OT
Frontage
64’ on Carl Cannon Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-07-26-0-001-060-0020 | Improvements Assessment | $0 |
| Land Assessment | $139,880 | Total Assessment | $139,880 |
PROPERTY TAXES
Parcel Number
17-07-26-0-001-060-0020
Land Assessment
$139,880
Improvements Assessment
$0
Total Assessment
$139,880
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Burger King | 122 Carl Cannon Blvd
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