819 Forrest Ave East Brewton, AL 36426
- Retail properties
- 3,572 SF
Current Use by Public Records
- Retail properties
Property Details for 819 Forrest Ave
- Year built
- 2024
- Property size
- 3,572 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,572 square foot, brand-new (2024) retail property in East Brewton, Alabama, currently occupied by a portfolio of well-known QSR brands including Taco Bell, Burger King, Chick-fil-A, Chipotle, and Jack's. The property boasts a strong 5.90% cap rate and a substantial net operating income (NOI) of $100,000. The absolute NNN lease features a corporate guarantee from Jack's, providing significant credit enhancement and security. The 20-year lease includes 10% rent bumps every five years and four, five-year renewal options, ensuring long-term, stable cash flow. Located at 819 Forrest Ave, East Brewton, AL 36426, this property benefits from high traffic counts exceeding 11,200 vehicles per day and is situated in an affluent submarket with an average household income of nearly $60,000 within a five-mile radius. The property also includes truck parking. The asking price is $1,695,000. This is a rare opportunity to acquire a high-quality, passively managed investment with exceptional long-term growth potential. The location is approximately two hours north of popular Gulf Coast beaches. The Jack's Family Restaurants portfolio is backed by a 260+ unit guarantee and is expanding at a rate of approximately 20 new locations annually. This built-in credit enhancement further strengthens the investment's stability and future prospects. The property's conservative rent-to-sales ratio adds to its overall appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- East Brewton
- County
- Escambia
- State
- Alabama
- Longitude
- -87.061
- Latitude
- 31.0911
