Captain D's Seafood 1236 Beltline Rd SW 2,973 SF Retail Building Decatur, AL 35601 $1,649,950 ($554.98/SF) 7.27% Cap Rate
INVESTMENT HIGHLIGHTS
- 11 years remaining tenant-Captain D's
EXECUTIVE SUMMARY
11 Years Remaining: The tenant, Captain D's LLC, recently exercised an early extension option, extending the lease for an additional 5 years, bringing the total lease term to 11 years. They also have two 10-year options remaining, demonstrating their commitment to the site.
Corporate-Signed Guaranty: The lease includes 1.25% annual rental increases throughout both the initial term and option periods, which will grow NOI and hedge against inflation. Captain D's is the nation's leading fast-casual seafood restaurant. Annual rent rate June 2026: $121,419.00
Corporate-Signed Guaranty: The lease includes 1.25% annual rental increases throughout both the initial term and option periods, which will grow NOI and hedge against inflation. Captain D's is the nation's leading fast-casual seafood restaurant. Annual rent rate June 2026: $121,419.00
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,973 SF
Building Class
B
Year Built
1992
Price
$1,649,950
Price Per SF
$554.98
Cap Rate
7.27%
NOI
$119,920
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.85 AC
Zoning
M-1A - Light Industrial
Parking
56 Spaces (18.29 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-07-36-4-002-010.001 | Improvements Assessment | $92,960 (2023) |
| Land Assessment | $53,960 (2023) | Total Assessment | $146,920 (2023) |
