123 Premier Dr Geneva, AL 36340

This exceptional investment opportunity presents a 3,435 square foot, free-standing Burger King building located at 123 Premier Drive, Geneva, AL 36340. Built in 2018, this Class B property sits on a 0.85-acre lot and boasts a 100% occupancy rate under a 20-year Absolute NNN lease with 14 years remaining. The lease commenced October 29, 2018, and expires October 31, 2038, featuring 10% rent bumps every five years, providing a strong hedge against inflation. The current annual net operating income (NOI) is $67,000, representing a 6.00% cap rate on the asking price of $1,117,000. The lease is backed by Bulldog Restaurants, LLC, a subsidiary of Starboard Investments, a significant operator of numerous restaurant locations. The property benefits from a healthy sub-8.5% rent-to-sales ratio and shows strong sales growth of approximately 8.5% in 2023, indicating potential for increased future income. The property enjoys a prime location within Geneva's main retail corridor, with excellent visibility and proximity to major retailers like Walmart and Piggly Wiggly, a medical center, a high school, and a food distributor. This is a passive investment opportunity with zero landlord responsibilities, offering significant long-term value and potential for immediate upside based on 2023 sales exceeding percentage override thresholds.