Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1409 Woodward Ave Muscle Shoals, AL 35661

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $740,000

    NNN leased Little Caesars with drive-thru in Muscle Shoals, AL.

    Property size:
    2,124 SF
    Lot size:
    0.25 Acres

    Property Features for 1409 Woodward Ave

    General Information

    Standard status
    Active
    Zoning
    B-2
    Size
    2,124 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Deno Bistolarides
    Deno Bistolarides
    Source: Crexi

    Listing Agency: Encore Real Estate Investment Services Listing Agent: Deno Bistolarides

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Little Caesars NNN Investment Property

    This retail property, located at 1409 Woodward Ave, Muscle Shoals, AL 35661, is a Little Caesars. The property is for sale for $740,000 with a cap rate of 6.75%. The property operates under an Absolute NNN lease structure, where the tenant is responsible for taxes, insurance, CAM, roof, and structure maintenance. The tenant, Little Caesars, is a national credit tenant with over 5,400 locations and $3.8 billion in annual revenue. The lease includes annual rental increases of 1.5%, and two five-year renewal options. The lease is backed by a personal guaranty from an experienced operator. The property includes a drive-thru. It is located in an established retail corridor in Muscle Shoals, AL.
    Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muscle Shoals
    County
    Colbert
    State
    Alabama
    Longitude
    -87.6672757
    Latitude
    34.7483208

    Nearby Similar for Sale

    • $399,900
      2,700 SF

      Muscle Shoals Commercial Corner Lot

      High-visibility commercial building with showroom and storage in Muscle Shoals.
      2403 Woodward Ave, Muscle Shoals, AL 35661
      View Details
    • $319,900
      400 SF

      Muscle Shoals Warehouse on Acre

      Warehouse space on an acre, suitable for business needs.
      208 Industrial Dr, Muscle Shoals, AL 35661
      View Details
    • $1,100,000
      6,852 SF

      Remodeled Commercial Property, Muscle Shoals

      Two remodeled buildings in high-traffic Muscle Shoals location.
      2306 Woodward Ave, Muscle Shoals, AL 35661
      View Details
    • $549,900
      2,200 SF

      Renovated Farmhouse on 22 Acres

      Renovated 3-bedroom farmhouse on 22 acres near Wilson Lake.
      6750 River Rd, Muscle Shoals, AL 35661
      View Details
    • $1,100,000
      6,852 SF

      Remodeled Commercial Property, Muscle Shoals

      Two remodeled buildings in high-traffic Muscle Shoals location.
      2306 Woodard Ave, Muscle Shoals, AL 35661
      View Details
    • Contact for pricing
      6,000 SF

      Traditional Office Building on Wilson

      Traditional office building with 27 rooms and ample parking.
      2306 Wilson Dam Rd, Muscle Shoals, AL 35661
      View Details
    • $1,975,000

      Muscle Shoals Industrial Property

      5-acre industrial property with office, warehouse, and outdoor storage.
      2804 Avalon Ave, Muscle Shoals, AL 35661
      View Details
    • $239,900

      Restaurant Opportunity Near Woodward Avenue

      Restaurant for sale, one block from Woodward Avenue in Muscle Shoals.
      702 Michigan Ave, Muscle Shoals, AL 35661
      View Details
    • $895,000

      Mobile Home Park with Pads

      Mobile home park featuring 47 pads with essential utility hookups.
      2250 Ford Rd, Muscle Shoals, AL 35661
      View Details
    • $1,000,000
      9,920 SF

      Muscle Shoals Multifamily Investment Opportunity

      Eight-unit multifamily property in Muscle Shoals, Alabama.
      418-420-422-424 Roosevelt Ave, Muscle Shoals, AL 35661
      View Details
    • Contact for pricing
      84,000 SF

      Spacious Warehouse Near TVA Plant

      84,000 SF warehouse on 12 acres near TVA plant.
      453 Boone Rd, Muscle Shoals, AL 35661
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Little Caesars with drive-thru in Muscle Shoals, AL.
    Where is this drive through restaurant located?
    The property is located at 1409 Woodward Ave Muscle Shoals, AL.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a passive investment, tenant handles all expenses.; - Leased to Little Caesars, a national credit tenant with over 5,400 locations and $3.8B annual revenue.; - Competitive 6.75% cap rate for a strong return.
    Request Owner's contact information
    1409 Woodward Ave Muscle Shoals, AL 35661
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1409 Woodward Ave
    Muscle Shoals, AL 35661
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1409 Woodward Ave Muscle Shoals, AL 35661
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Deno Bistolarides
    Deno Bistolarides
    Real Estate License ID: 6502378067
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!