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    3340 Ross Clark Cir Dothan, AL 36303

    For Sale
    $4,000,000

    High-yield, 10,483 SF QSR/Restaurant

    Property size:
    10,483 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity features a 10,483-square-foot Golden Corral restaurant in Dothan, Alabama, built in 2001. The property is a Class A, single-tenant, net-lease (NNN) investment with a strong franchisee tenant. The current lease, commenced March 1, 2002, has a remaining term of approximately 7.3 years, expiring March 1, 2032, with two 5-year renewal options at a 15% rent increase. The property boasts a 6.75% cap rate, with an additional 5% percentage rent bonus not included in the cap rate. The asking price is $4,000,000, resulting in a price per square foot of $381.57. The property sits on a 2.66-acre lot with 200 parking spaces and enjoys 100% occupancy. The annual net operating income (NOI) is $270,000. Located at 3340 Ross Clark Cir, Dothan, AL 36303, this high-visibility location benefits from a daily traffic count of 33,179 vehicles. The property's modern design and ample parking make it an attractive investment for discerning buyers seeking a stable, high-return asset in a thriving market. The one-story building offers a flexible layout suitable for various retail and dining concepts. This is a rare opportunity to acquire a well-established, high-performing NNN property with significant upside potential.

    Property Features for 3340 Ross Clark Cir

    General Information

    Property type
    Restaurants
    Square Feet
    10,483 SF
    Class
    A
    Lot Size
    115,870 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    HighLights

    • 6.75% current cap rate.
    • 5% percentage rent bonus (not included in cap rate).
    • Three‑year remaining lease term.
    • Two, five‑year lease extension options.
    • 15% rent increases upon extension.
    • 33,179 daily traffic count.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golden Corral Buffet ... Buffet Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dothan
    County
    Houston
    State
    Alabama
    Longitude
    -85.43022569046
    Latitude
    31.239865166998

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    FAQs

    What type of property is this?
    Restaurant - High-yield, 10,483 SF QSR/Restaurant
    Where is this restaurant located?
    The property is located at 3340 Ross Clark Cir Dothan, AL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 6.75% current cap rate.; 5% percentage rent bonus (not included in cap rate).; Three-year remaining lease term.
    Request Owner's contact information
    3340 Ross Clark Cir Dothan, AL 36303
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    Dothan, AL 36303
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    Realmo Value Estimation

    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.

    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.

    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
    3340 Ross Clark Cir Dothan, AL 36303
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