708 Boll Weevil Cir Enterprise, AL 36330-2032

Property Details for 708 Boll Weevil Cir

Year built

1975

Lot size

1.41 lot acres

Property size

8,000 SF

Property type

Retail properties

APN

1605151000014001

APU

1605151000014001

Description

This exceptional investment opportunity presents a newly constructed, 3,572 square foot Buffalo Wild Wings restaurant situated on a 0.753-acre lot at 708 Boll Weevil Cir, Enterprise, AL 36330. The property boasts a prominent location within an established retail corridor, benefiting from excellent visibility and access along Boll Weevil Circle, which sees 33,398 AADT. The 10-year net lease, commencing January 29, 2024, and expiring January 31, 2034, includes a 10% rent increase in year 6 and four 5-year lease options, providing a strong hedge against inflation. The property features a new outdoor patio and offers a 6.00% cap rate with a current NOI of $137,522, and an asking price of $2,292,000 ($641.66/sq ft). The robust demographics of the area, with a population of 38,279 and an average household income of $82,674 within a 5-mile radius, further enhance the investment potential. Nearby retail centers include Enterprise Shopping Center (anchored by ALDI), Westgate Shopping Center (anchored by PetSense), and Park Place Shopping Center (anchored by a top-performing Publix). Other major retailers in the vicinity include Walmart Supercenter, Hobby Lobby, and Walgreens. The property's strategic location is further strengthened by its proximity to Fort Novosel, a major Army Aviation center generating a $1.2 billion annual economic impact. The combined AADT within Enterprise's primary retail corridor totals 52,275.

Location Insight

City

Enterprise

County

Coffee

State

Alabama

Longitude

-85.8313

Latitude

31.3252

CBSA code

21460

CBSA name

ENTERPRISE-OZARK, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments