Current Use by Public Records
- Retail properties & Spaces
Property Details for 1980 Al-77
- Year built
- 2018
- Lot size
- 1.53 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 3,502 square foot Burger King restaurant in Southside, Alabama, situated on a 1.53-acre lot. Built in 2018, the property boasts a 14-year net lease (NN+) with Bulldog Restaurants, LLC, a subsidiary of Starboard Group, a significant operator of over 165 restaurants across eight states. The lease commenced August 1st, 2024, and expires September 4th, 2038, with built-in 10% rent increases every five years. The current annual net operating income (NOI) is $96,000, yielding a 6.15% cap rate, and there's significant upside potential due to percentage rent. The property enjoys a prime location on State Route 77, a highly trafficked area with over 20,000 vehicles per day, offering excellent visibility and accessibility. Its proximity to Southside High School provides a substantial built-in customer base. This is a strong, stable investment with a long lease term and significant growth potential. The asking price is $1,561,000. The property is located at 1980 AL-77, Southside, AL 35907, in Etowah County. The location benefits from its proximity to the Coosa River. This is a 1031 exchange eligible property.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southside
- County
- Etowah
- State
- Alabama
- Longitude
- -86.0227
- Latitude
- 33.9256
