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4900 US Highway 231 2,290 SF Retail Building Wetumpka, AL 36092 $2,150,000 ($938.86/SF) 6.05% Cap Rate
Investment Highlights
- Long-term 20-year initial lease term providing stable, predictable cash flow.
- Absolute NNN lease structure with zero landlord responsibilities.
- 2% annual rent escalations providing built-in income growth and inflation protection.
- Four (4) five-year renewal options, offering extended income potential and tenant commitment.
- • Tenant responsible for roof, structure, HVAC, and parking lot maintenance and repairs, minimizing ownership risk and expense.
- Located adjacent to the new Publix-anchored development and near the highly anticipated Chick-fil-A and 7 Brew.
Executive Summary
The investment is secured by a brand-new 20-year initial lease term with four five-year renewal options, providing investors with a long-term, predictable income stream and limited near-term rollover risk. Supported by the strength of the Popeyes brand and Wetumpka's continued residential and commercial growth, the property offers a compelling combination of stable cash flow, strong real estate fundamentals, and long-term investment potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,290 SF
Building Class
B
Year Built
2021
Price
$2,150,000
Price Per SF
$938.86
Cap Rate
6.05%
NOI
$130,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
3.87 AC
Parking
31 Spaces (13.54 Spaces per 1,000 SF Leased)
Frontage
45’ on U.S. 231
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-07-25-0-006-004011-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $453,660 |
Property Taxes
Parcel Number
16-07-25-0-006-004011-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$453,660
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4900 US Highway 231
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