1874 Main St Prattville, AL 36066

Property Details for 1874 Main St

Year built

2024

Lot size

0.76 lot acres

Property size

950 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a brand-new, 950-square-foot Dutch Bros. Coffee drive-thru located at 1874 E Main St, Prattville, Alabama, 36066. The property sits on a 0.76-acre lot within the 176,549-square-foot Prattville Shopping Center, a highly visible location at a major signalized intersection experiencing 37,727 cars daily. The property boasts 24 parking spaces and benefits from its proximity to significant traffic arteries, including Highway 31 (24,662 ADTC) and I-65 (63,643 ADTC). The surrounding area demonstrates strong demographics, with a 5-mile population of 50,071 and a 1-mile average household income of $79,409, exhibiting steady population growth. This single-tenant, fee-simple property features a 15.1-year absolute NNN lease commencing December 15, 2024, and expiring December 31, 2039. The lease includes three 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $154,320, representing a 5.40% cap rate on the asking price of $2,857,778 ($3,008.19 per square foot). The tenant, Dutch Bros. Coffee, is a credit-rated franchisee with a corporate guarantee, ensuring a secure and stable investment. The property's strategic location across from Aldi and Walmart, along with its proximity to Baptist Hospital, further enhances its investment appeal. The building, constructed in 2024, is zoned for commercial use. This offering presents a compelling opportunity for investors seeking a high-yield, low-maintenance investment with significant long-term growth potential.