2701 Hwy 78th E Jasper, AL 35501-3429

Property Details for 2701 Hwy 78th E

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.32 lot acres

Property size

3,757 SF

Zone code

O

Property type

Drive through restaurants

APN

17-01-11-2-205-002.004

APU

1701112205002004

Description

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, Class A Arby's restaurant located at 2701 Hwy 78 E, Jasper, Alabama 35501. Built in 2000 and extensively renovated in 2024, this 3,757 square foot property sits on a 0.66-acre lot and boasts 28 parking spaces. The property features a strong absolute NNN lease with a corporate guarantee from Arby's Restaurant Group, ensuring consistent cash flow. The current lease, with a commencement date of February 29, 2000, and an expiration date of July 31, 2040, provides a remaining term of approximately 15.7 years. The lease includes rent bumps of 8% every 5 years, offering significant long-term growth potential. The property currently generates a Net Operating Income (NOI) of $127,500, representing a 5.00% cap rate on the asking price of $2,550,000. The tenant's exceptional sales performance contributes to a rent-to-sales ratio of approximately 4.20%. The lease also includes five 5-year renewal options, further securing the investment's longevity. This is a rare opportunity to acquire a high-performing, well-located, and financially secure Arby's restaurant with a long-term lease and significant upside potential. The property is 100% occupied and offers a stable, passive income stream.

Location Insight

City

Jasper

County

Walker

State

Alabama

Longitude

-87.2439

Latitude

33.8418

CBSA code

27530

CBSA name

JASPER, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments