8368 Highway 72 Madison, AL 35758
- Retail properties
- 8,538 SF
- 1.45 lot acres
Current Use by Public Records
- Walk-On's Sports Bistreaux - Huntsville, AL / Sports Bar / Restaurant
Property Details for 8368 Highway 72
- Year built
- 2023
- Lot size
- 1.45 lot acres
- Property size
- 8,538 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Walk-On's Sports Bistreaux in Madison, Alabama. The property boasts a 15-year absolute NNN lease, commencing April 6, 2022, with four 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The 8,538 square foot restaurant, built and renovated in 2023, sits on a 1.45-acre lot and enjoys 100% occupancy. The property benefits from a corporate guaranty by DBMC, the largest Walk-On's operator, mitigating risk. Located at 8368 Hwy 72 W, Madison, AL 35758, this prime location offers exceptional visibility on a busy thoroughfare (42,900 cars per day), situated as an outparcel to the 550-acre Clift Farm Mixed-Use Development, anchored by Publix and a soon-to-open Costco. The surrounding area features a strong retail presence, including Walmart, Lowe's, and Target, along with Madison Hospital, contributing to high traffic volume. The average household income within one mile exceeds $130,000, indicating a robust consumer base. The property's strong financial performance is reflected in its current NOI of $548,378 and a 6.65% cap rate. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The asking price is $8,247,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Alabama
- Longitude
- -86.7642
- Latitude
- 34.7496
