Current Use by Public Records
- Retail properties & Spaces
Property Details for 12777 Us-80
- Year built
- 2023
- Lot size
- 0.30 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Ellianos Coffee located at 12777 US-80, Pike Road, Alabama 36064. The 805-square-foot QSR/Fast Food property, built in 2023, sits on a 0.3-acre lot and boasts a 100% occupancy rate with a 13.5-year remaining lease term (expiring 05/31/2038). The lease commenced on June 13, 2023, and includes 2% annual rent bumps. The current Net Operating Income (NOI) is $96,000, yielding a 6.75% cap rate. The asking price is $1,420,000. This strategically located property benefits from its adjacency to Interstate 85, a major thoroughfare in Alabama, and proximity to significant residential development (nearly 3,000 housing units) with high average household incomes. Further enhancing its value is the planned development of a hotel, urgent care facility, and two restaurants in the immediate vicinity, promising increased traffic and customer base. The lease includes a 1, 5-year option. This is a triple net (NNN) lease with a franchisee tenant. The property's APN is 08-05-15-0-002-003.002. This presents a compelling opportunity for investors seeking a stable, high-growth investment in a prime location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pike Road
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.0501
- Latitude
- 32.3677
