279 Highway 78 Loop
Jasper, AL 35501
Dairy Queen · Retail Property For Sale
PROPERTY FACTS
ABOUT 279 HIGHWAY 78 LOOP , JASPER, AL 35501
Marcus & Millichap is pleased to present this Dairy Queen Grill & Chill restaurant located in Jasper, Alabama. The property consists of a 0.70-acre parcel improved with a 2,263-square foot building which was developed in 2009. This franchisee operates seven other Dairy Queens in Alabama and Arkansas and has plans to continue expansion. The property will be subject to a 15-Year Absolute Net lease that will commence at the close of escrow. The annual base rent that will be paid to the landlord will be $95,000 annually with 7.5% increases every five years. The property is strategically positioned off Highway 78 and is easily accessible to the over 23,400 vehicles that come across the property every day. The subject property is in the center of a major retail corridor that includes major tenants such as T.J. Maxx, Hobby Lobby, Planet Fitness, Burger King, CVS, Walgreens, McDonalds, Hardee’s, Taco Bell, KFC, and many more. This investment opportunity is part of a portfolio sale and is one of three Dairy Queen Grill & Chill restaurants that are available for purchase.
PROPERTY TAXES
| Parcel Number | 17-02-09-1-102-032-0020 | Improvements Assessment | $73,700 |
| Land Assessment | $44,980 | Total Assessment | $118,680 |
