NNN Drive-Through Restaurant Ground
For Sale
$1,375,000
504 E Meighan Blvd, Gadsden, AL 35903
Corporately guaranteed absolute NNN lease with a drive-through restaurant improvement.
Property Size2,671 SF
Lot Size1.30 Acres
Price / SF$514.79
Days on Market151
Property Features for 504 E Meighan Blvd
General Information
Standard status
Active
Size
2,671 SF
Lot size
1.30 Acres
Property subtype
Restaurant
Net Operating Income
$77,500
Financials
Cap Rate
5.65%
Gross Income
$77,500
Amenities
Low rent, corporately guaranteed Krispy Kreme Ground Lease with almost 7 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL
Conservative rent of only $77,500 ($29.02/SF) with four (4), five (5) year option periods
Absolute NNN Ground Lease on over 1.3 acres
Building Details
Building Size
2,671 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Birmingham
(205) 510-9200
Listed By:
Eddie Greenhalgh · License #License(s) AL: 0000882980
(205) 510-9200
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 5:23PM
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 Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
This Krispy Kreme property is structured as an absolute NNN ground lease with approximately 7 years remaining and four 5-year renewal options. The 1.3-acre site includes a 2,671-square-foot drive-through building constructed in 2015, providing a modern restaurant improvement within the lease structure.
The property is positioned along E Meighan Boulevard in Gadsden’s primary retail corridor, adjacent to River Trace shopping center and a Walmart location. River Trace is anchored by Hobby Lobby, Ross, Five Below, and Shoe Carnival, while nearby Coosa Town Center includes T.J.Maxx, Old Navy, and Bealls. The site is also approximately 1 mile from Gadsden Regional Medical Center and adjacent to a 3M-square-foot Takkion Clean Energy Plant. E Meighan Boulevard carries over 37,000 cars per day.
The property is positioned along E Meighan Boulevard in Gadsden’s primary retail corridor, adjacent to River Trace shopping center and a Walmart location. River Trace is anchored by Hobby Lobby, Ross, Five Below, and Shoe Carnival, while nearby Coosa Town Center includes T.J.Maxx, Old Navy, and Bealls. The site is also approximately 1 mile from Gadsden Regional Medical Center and adjacent to a 3M-square-foot Takkion Clean Energy Plant. E Meighan Boulevard carries over 37,000 cars per day.
Key Highlights
- Absolute NNN ground lease with approximately 7 years remaining
- Krispy Kreme drive‑through building totals 2,671 SF and was built in 2015
- Over 1.3 acres along E Meighan Boulevard in Gadsden, AL
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 35903, AL
17,344
Population
8,338
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
68.2 sq mi
ZIP Area
254
Density / Sq Mi
$50,063
Median Household Income
$35,361
Median Earnings
$823
Median Rent
$170,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporately guaranteed absolute NNN lease with a drive-through restaurant improvement.
Where is this nnn property located?
The property is located at 504 E Meighan Blvd Gadsden, AL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Absolute NNN ground lease with approximately 7 years remaining; Krispy Kreme drive‑through building totals 2,671 SF and was built in 2015; Over 1.3 acres along E Meighan Boulevard in Gadsden, AL
