Property summary
This exceptional investment opportunity presents a 1,490 square foot Sonic Drive-In restaurant located in Hazel Green, Alabama, on US Highway 231/431, a high-traffic corridor. The property sits on a 1.6-acre lot and benefits from an absolute NNN lease with approximately 8.2 years remaining, plus two 5-year renewal options, extending the lease to January 15, 2033. The current lease commenced August 1, 2009. The asking price is $2,002,000, representing a 6.00% cap rate and a NOI of $120,146. … The property boasts a strong price per square foot of $1,343.62. The location enjoys excellent visibility and proximity to major retailers including Walmart, Walgreens, and other fast-food chains, ensuring consistent customer traffic. The area's demographics are highly favorable, with a daytime population of 19,967 and an average household income of $80,900 within a 5-mile radius. Furthermore, the property is situated near Hazel Green High School, Hazel Green Elementary School, and several childcare centers. The ongoing development of Townsend Place, a large-scale residential and commercial project, further enhances the property's long-term value. Hazel Green is a rapidly growing community within the Huntsville-Decatur Combined Statistical Area, a thriving region known for its robust economy and high quality of life. The Huntsville Metropolitan Area, the second largest in Alabama, boasts a significant GDP and is recognized as a leading center for research, technology, and high-tech manufacturing. This Sonic location is part of a nationally recognized brand with over 3,500 locations across 45 states. This offering presents a compelling investment opportunity in a high-growth market with a stable, established tenant.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 2 properties nearbySimilar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,490 SF
- Lot area
- 1.6 ac
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
