14171 Us-231, Hazel Green, AL 35750

Property Details for 14171 Us-231

Lot size

1.60 lot acres

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 1,490 square foot Sonic Drive-In restaurant located in Hazel Green, Alabama, on US Highway 231/431, a high-traffic corridor. The property sits on a 1.6-acre lot and benefits from an absolute NNN lease with approximately 8.2 years remaining, plus two 5-year renewal options, extending the lease to January 15, 2033. The current lease commenced August 1, 2009. The asking price is $2,002,000, representing a 6.00% cap rate and a NOI of $120,146. The property boasts a strong price per square foot of $1,343.62. The location enjoys excellent visibility and proximity to major retailers including Walmart, Walgreens, and other fast-food chains, ensuring consistent customer traffic. The area's demographics are highly favorable, with a daytime population of 19,967 and an average household income of $80,900 within a 5-mile radius. Furthermore, the property is situated near Hazel Green High School, Hazel Green Elementary School, and several childcare centers. The ongoing development of Townsend Place, a large-scale residential and commercial project, further enhances the property's long-term value. Hazel Green is a rapidly growing community within the Huntsville-Decatur Combined Statistical Area, a thriving region known for its robust economy and high quality of life. The Huntsville Metropolitan Area, the second largest in Alabama, boasts a significant GDP and is recognized as a leading center for research, technology, and high-tech manufacturing. This Sonic location is part of a nationally recognized brand with over 3,500 locations across 45 states. This offering presents a compelling investment opportunity in a high-growth market with a stable, established tenant.

Location Insight

City

Hazel Green

County

Madison

State

Alabama

Longitude

-86.5723

Latitude

34.931