2802 20Th Ave Valley, AL 36854
- Retail properties
- 2,400 SF
- 0.97 lot acres
Current Use by Public Records
- Popeyes Louisiana Kitchen / Seafood Restaurant / Chicken Restaurant
Property Details for 2802 20Th Ave
- Year built
- 2018
- Lot size
- 0.97 lot acres
- Property size
- 2,400 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 2,400 square foot, Class A, free-standing Popeyes restaurant located at 2802 20th Ave, Valley, AL 36854. The property sits on a 0.97-acre lot and boasts a strong location directly off I-85, a major retail corridor between Atlanta and Montgomery. Built in 2018, this single-story building is currently operating under a 15-year absolute NNN lease with a franchisee (a multi-unit operator also managing Popeyes, Tim Hortons, Checkers, and Moe's) that expires December 31, 2035, offering 11.1 years of remaining lease term. The lease includes two 5-year renewal options, with a 10% rent increase scheduled for January 1, 2025, and subsequent 10% increases every five years thereafter. The current annual net operating income (NOI) is $96,000, resulting in a 5.50% cap rate. The asking price is $1,745,000, translating to a price per square foot of $727.08. The property benefits from its proximity to a recently constructed Dunkin' Donuts and Waffle House, and its location approximately 7 miles from the KIA Motors manufacturing plant. This is a low-maintenance, high-return investment with a well-established tenant in a prime location. 100% occupancy ensures consistent cash flow. This is a turnkey investment ideal for passive income seekers.
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
- Valley
- County
- Chambers
- State
- Alabama
- Longitude
- -85.1839
- Latitude
- 32.8471
