Property Details for 966 Gilbert Ferry Rd

Year built

2006

Lot size

0.85 lot acres

Property size

3,045 SF

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving Arby's restaurant in Attalla, Alabama. The property boasts a 3,045 square-foot building on a 0.85-acre lot, strategically located at a signalized intersection directly across from a Walmart Supercenter and with easy access to Interstate-59. The property benefits from an absolute NNN lease with a corporate guarantee from Arby's Restaurant Group, extending through April 2036, with a remaining term of 11.4 years. The lease includes 10% rent bumps every five years starting in 2031 and four 5-year renewal options. Built in 2006 and extensively renovated in 2024 at a cost exceeding $600,000, the restaurant showcases the latest Arby's prototype. The property's exceptional performance is underscored by its ranking in the 94th percentile nationally for annual store visits, according to Placer.ai. The current Net Operating Income (NOI) stands at $119,257, yielding a 5.40% cap rate on an asking price of $2,208,000. This prime location, coupled with the long-term lease, substantial recent renovations, and high sales volume, makes this a compelling investment opportunity with significant potential for future growth. The property is zoned commercial and features one single-story building. The location is approximately 59 miles northeast of Birmingham and 68 miles southeast of Huntsville. This is a rare chance to acquire a high-performing, nationally recognized brand in a desirable location.

Location Insight

City

Attalla

County

Etowah

State

Alabama

Longitude

-86.0936

Latitude

33.9971