206 Hwy 278 Byp Piedmont, AL 36272
- Retail properties
- 2,411 SF
- 2.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 206 Hwy 278 Byp
- Year built
- 2019
- Lot size
- 2.60 lot acres
- Property size
- 2,411 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple owned KFC/Taco Bell restaurant located at 206 Highway 278 Bypass, Piedmont, Alabama 36272. The property boasts 2,411 square feet on a 2.6-acre lot, built in 2019. The property is subject to a 20-year triple-net (NNN) lease with a franchisee tenant, offering significant long-term stability. The current annual net operating income (NOI) is $73,101, representing a 5.50% capitalization rate based on the asking price of $1,329,115. The lease includes attractive annual rent increases of 1.50%, ensuring consistent growth in income. The lease term extends for 20 years, with four, five-year tenant renewal options, potentially extending the lease to a total of 40 years. This presents a compelling opportunity for passive income generation and long-term appreciation. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any diversified investment portfolio. The price per square foot is $551.27.
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
- Piedmont
- County
- Cherokee
- State
- Alabama
- Longitude
- -85.6106
- Latitude
- 33.9341
