Burger King 43137 US Highway 72 3,418 SF Retail Building Stevenson, AL 35772 $2,018,047 ($590.42/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Corporate Guarantee
- Strong Frontage on Main Throughway in the Area
- Dense Retail Corridor
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Burger King located at 43137 US Hwy 72, Stevenson, AL. The site consists of roughly 3,418 rentable square feet of building space on an estimated 1.1-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 10/30/2018. The current annual rent is $121,083 and has scheduled increases of 1.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,418 SF
Building Class
C
Year Built
2016
Price
$2,018,047
Price Per SF
$590.42
Cap Rate
6%
NOI
$121,083
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.10 AC
Parking
39 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
218’ on U.S. 72
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 14-03-08-0-000-143.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $173,840 |
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Patrick Finn -
NNN Pro Group
