1236 Beltline SW Rd Decatur, AL 35601-6202

Property Details for 1236 Beltline SW Rd

Year built

1992

Lot size

0.85 lot acres

Property size

3,062 SF

Property type

Turn key restaurants

APN

02-07-36-4-002-010.001

APU

207364002010001

Description

This exceptional investment opportunity presents a fee-simple ownership of a Captain D's Seafood restaurant located at 1236 Beltline Rd SW, Decatur, AL 35601. The property boasts 3,062 square feet on a 0.85-acre lot, featuring 56 parking spaces and excellent visibility on a high-traffic thoroughfare with 37,500 vehicles per day. Built in 1992 and situated in an M-1A Light Industrial zoning area, this single-tenant property benefits from a corporate-guaranteed Absolute NNN lease with a highly reputable national quick-service restaurant (QSR) brand. The lease, commencing June 13, 2003, and expiring August 31, 2035, has approximately 10.8 years remaining, providing significant long-term stability. The lease includes 1.25% annual rent increases throughout the initial term and any option periods. The property generates a strong net operating income (NOI) of $119,920, resulting in an attractive 7.00% cap rate. The asking price is $1,713,000. This offering presents a compelling combination of a well-established tenant, a long-term lease, and a desirable location, making it an ideal addition to any investment portfolio. The property's strong demographics within a 5-mile radius further enhance its investment potential. Zero landlord responsibilities are included with this fee-simple ownership.