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Corporate Burger King 14637 Highway 231 431 N 3,040 SF Retail Building Hazel Green, AL 35750 $3,087,000 ($1,015.46/SF) 5.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Lease – Zero landlord responsibilities - Corporate-operated Burger King store
- Annual rent: $169,781 with scheduled increases - Traffic counts: 22,380+ vehicles per day on Hwy 231/431
- Located 25 minutes north of Downtown Huntsville (459K+ MSA population)
- Built in 2015 – modern construction - 14.5 years remaining on lease (expires 10/31/2038)
- Walmart Supercenter outparcel with strong national co-tenancy. Surrounded by national retailers: Walmart, Starbucks, Whataburger, Taco Bell & Zaxby's
- Situated Near Hazel Green Elementary and Hazel Green High School which is home to 2,400 total students
EXECUTIVE SUMMARY
Franklin Street is pleased to offer a rare absolute triple-net Burger King Corporate Lease located on a Walmart outparcel in Hazel Green, Alabama. Built in 2015, the 3,115-square-foot corporate-operated restaurant sits on 0.97 acres and features zero landlord responsibilities. The asset has 14.5 years of remaining lease term with scheduled rent increases through 2038, providing stable, long-term cash flow.
The property benefits from its strategic location along Hwy 231/431, seeing 22,380+ vehicles per day, and is surrounded by strong national retailers including Walmart, Starbucks, Whataburger, Taco Bell & Zaxby's. Just 25 minutes from Huntsville, one of the fastest-growing MSAs in the Southeast, this location draws from a population base of more than 450,000 residents. This offering combines passive income, corporate credit, and prime positioning in an established retail corridor.
This area just north of Huntsville has see explosive growth with multiple national home builders delivering or in process on nearly 1,000 homes in the immediate area. This location is also situated near Hazel Green High School and Hazel Green Middle School with over 2,400 students combined. This Burger King features a double drive thru and excellent parking, access and visibility.
The property benefits from its strategic location along Hwy 231/431, seeing 22,380+ vehicles per day, and is surrounded by strong national retailers including Walmart, Starbucks, Whataburger, Taco Bell & Zaxby's. Just 25 minutes from Huntsville, one of the fastest-growing MSAs in the Southeast, this location draws from a population base of more than 450,000 residents. This offering combines passive income, corporate credit, and prime positioning in an established retail corridor.
This area just north of Huntsville has see explosive growth with multiple national home builders delivering or in process on nearly 1,000 homes in the immediate area. This location is also situated near Hazel Green High School and Hazel Green Middle School with over 2,400 students combined. This Burger King features a double drive thru and excellent parking, access and visibility.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,040 SF
Building Class
C
Year Built
2015
Price
$3,087,000
Price Per SF
$1,015.46
Cap Rate
5.50%
NOI
$169,781
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.97 AC
Zoning
C - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 3,115 SF
- -
- Triple Net
- Oct 2038
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Accommodation and Food Services | 3,115 SF | - | Triple Net | Oct 2038 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-06-24-0-000-001.002 | Improvements Assessment | $116,660 |
| Land Assessment | $101,080 | Total Assessment | $217,740 |
PROPERTY TAXES
Parcel Number
04-06-24-0-000-001.002
Land Assessment
$101,080
Improvements Assessment
$116,660
Total Assessment
$217,740
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Corporate Burger King | 14637 Highway 231 431 N
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