Drive-Through Restaurant

14054-56 HIGHWAY 231/431, Hazel Green, AL 35750

For Sale

$325,000

Commercial Sale, HAZEL GREEN, AL

Property Size1,714 SF

Lot Size0.70 Acres

Price / SF$189.61

Days on Market1725

Property Features for 14054-56 HIGHWAY 231/431

General Information

Property type Commercial Sale

Property subtype Other

Bathrooms 1

Full bathrooms 1

Rooms Bathroom 1

Directions Go north on Hwy 431 from Meridianville , the property is about 2 blocks before Joe Quick Rd.

Standard status Active

APN 03-09-30-2-002-021.000

Size 1,714 SF

Lot size 0.70 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description SEC 30 T1S R1E PART OF THE NW 1/4 OF SEC 30 DESC AS COMAT THE NW COR OF SD SEC TH S 1900 FT TH E 75 FT TO THEPOB TH FR THE POB E 150 FT TH N 100 FT TH W 150 FT TO THEE MAR OF U S HWY 231-431 TH S ALG SD E MAR 100 FT TO THE POB

Legal Description SEC 30 T1S R1E PART OF THE NW 1/4 OF SEC 30 DESC AS COMAT THE NW COR OF SD SEC TH S 1900 FT TH E 75 FT TO THEPOB TH FR THE POB E 150 FT TH N 100 FT TH W 150 FT TO THEE MAR OF U S HWY 231-431 TH S ALG SD E MAR 100 FT TO THE POB

Utilities

Water source Public

Building Details

Floors in Building 1

Flooring type Concrete

Listing Agency: Avanti Realty Services LLC

Listed By: Alex Mukai · License AL #99826

Added: Feb 21, 2022 Changed: Oct 29 Last Checked: Nov 11 at 9:06PM

MLS# 1801391

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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 1,714-square-foot carryout restaurant is configured for drive-through service and offers seating inside and outdoors. Concrete flooring and a bathroom are among the recorded building features. The property is leased under NNN terms.

The site comprises two parcels totaling approximately 0.7 acres, with 200 feet of frontage along Highway 231/431 in Hazel Green, Alabama.

Key Highlights

1,714‑square‑foot carryout restaurant with drive‑through capacity
Indoor and outdoor seating areas
Two parcels totaling approximately 0.7 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,941

Cap Rate

7.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$478,820 $478.8K

Cap Rate 7%

$342,014 $342.0K

Cap Rate 9%

$266,011 $266.0K

Market Conditions

NOI Build-Up for 1,714 SF

Gross rent

$32.9K $19.20/SF

− Vacancy

−$987 −$0.58/SF

EGI

$31.9K $18.62/SF

− OpEx

−$8.0K −$4.66/SF

NOI

$23.9K $13.97/SF

Area

Madison County, AL

Vacancy

3.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$478,820

Cap Rate 7%

$342,014

Cap Rate 9%

$266,011

Alternative Uses

Best Use

Specialty Retail

$342.0K

$299.3K – $399.0K (±1% cap)

NOI $23,941 @ 7.0% cap · market cap 7.37%

Second Best

—

no second resolved use

Theoretical Best

Office A

$446.3K

$390.5K – $520.7K (±1% cap)

NOI $31,243 @ 7.0% cap · market cap 9.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Drive through restaurants

Location Intelligence

Trade Area within ½ mile

184

Businesses Nearby

24k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 45%

SONIC Drive In Dining

10,861 visits/mo 0.2 miles

Chevron Shops & Services

9,243 visits/mo 0.3 miles

O'Reilly Auto Parts Shops & Services

2,119 visits/mo 0.3 miles

Advance Auto Parts Shops & Services

2,063 visits/mo 0.5 miles

Demographics for 35750, AL

14,192

Population

5,698

Households

2.5

Avg Household Size

Median Age

29%

College-Educated

87%

High-School Grad

61.1 sq mi

ZIP Area

232

Density / Sq Mi

$78,622

Median Household Income

$44,575

Median Earnings

$1,079

Median Rent

$186,200

Median Home Value

Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more

View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

For sale
Drive through restaurants
AL
Hazel Green
35750
14054-56 HIGHWAY 231/431

What type of property is this?

Drive through restaurant - Carryout dining space includes indoor and outdoor seating, with a tenant lease structured as NNN.

Where is this drive through restaurant located?

The property is located at 14054-56 HIGHWAY 231/431 Hazel Green, AL.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 1,714‑square‑foot carryout restaurant with drive‑through capacity; Indoor and outdoor seating areas; Two parcels totaling approximately 0.7 acres