Chick-fil-A Drive-Through
1808 Ashville Rd, Leeds, AL 35094
For Sale
New
$2,485,000
A corporate-signed lease includes six five-year extension options.
Property Size4,729 SF
Days on Market2
Property Features for 1808 Ashville Rd
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Kyle Fant · License AL #10401281546
(973) 632-1386
Source:
Srsre
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 12 at 2:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2006, this drive-through restaurant has operated under the Chick-fil-A name since that year. The site was enlarged in 2022 through the lease of an additional 0.50 acres, when a new 10-year term was established. The property is zoned General Business (B-2).
More than five years remain in the current lease term, followed by six five-year extension options. The lease provides for a 7.69% rent increase in June 2027 and 10% increases at the start of each option period. Chick-fil-A, Inc. is the corporate lease signatory.
More than five years remain in the current lease term, followed by six five-year extension options. The lease provides for a 7.69% rent increase in June 2027 and 10% increases at the start of each option period. Chick-fil-A, Inc. is the corporate lease signatory.
Key Highlights
- Chick‑fil‑A has operated at the site since 2006
- An additional 0.50 acres was leased in 2022, alongside establishment of a new 10‑year term
- More than 5 years remain in the current term, with 6 (5‑Year) extension options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,759
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,180
$1.4M
Cap Rate 7%
$1,010,843
$1.0M
Cap Rate 9%
$786,211
$786.2K
Market Conditions
NOI Build-Up for 4,729 SF
Gross rent
$98.2K $20.76/SF
− Vacancy
−$3.8K −$0.81/SF
EGI
$94.3K $19.95/SF
− OpEx
−$23.6K −$4.99/SF
NOI
$70.8K $14.96/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,180
Cap Rate 7%
$1,010,843
Cap Rate 9%
$786,211
Alternative Uses
Best Use
Specialty Retail
$1.01M
$884.5K – $1.18M
NOI $70,759 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,881 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
454k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 22%
Superstores 16%
Groceries 8%
Walmart
Superstores
73,241 visits/mo
0.2 miles
Publix
Groceries
37,523 visits/mo
0.5 miles
Chick-fil-A
Dining
36,840 visits/mo
0.2 miles
Raceway
Shops & Services
29,113 visits/mo
0.5 miles
McDonald's
Dining
25,282 visits/mo
0.2 miles
Demographics for 35094, AL
14,936
Population
6,502
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
87%
High-School Grad
58.7 sq mi
ZIP Area
254
Density / Sq Mi
$74,340
Median Household Income
$45,210
Median Earnings
$976
Median Rent
$222,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A corporate-signed lease includes six five-year extension options.
Where is this drive through restaurant located?
The property is located at 1808 Ashville Rd Leeds, AL.
What is the asking price?
The asking price for this property is $2,485,000.
What are key features of this property?
This property features: Chick‑fil‑A has operated at the site since 2006; An additional 0.50 acres was leased in 2022, alongside establishment of a new 10‑year term; More than 5 years remain in the current term, with 6 (5‑Year) extension options
