1425 Mcfarland Blvd Northport, AL 35476-3237
- Turn key restaurants
- 2,278 SF
Current Use by Public Records
- Turn key restaurants
Property Details for 1425 Mcfarland Blvd
- Year built
- 1983
- Construction
- WOOD
- Property size
- 2,278 SF
- Zone code
- C-6
- Property type
- Turn key restaurants
- APN
- 31-02-10-2-005-004.000
- APU
- 3102102005004000
Description
This exceptional investment opportunity presents a fee-simple, single-tenant retail building housing a Tropical Smoothie Cafe and Cookie Plug, both operating under a 15-year absolute NNN lease commencing July 12, 2024, and expiring July 31, 2039. The 2,296 square foot building, situated on a 0.51-acre lot, underwent a complete renovation in 2024. The property boasts a 6.25% cap rate and 100% occupancy. Rent increases of 7.5% are built into the lease every five years, providing significant long-term growth potential. The lease includes three, five-year renewal options. The tenant is a multi-unit franchisee with nine locations, demonstrating a commitment to the brand and the market. The property benefits from a prime location across from a Walmart and Chick-fil-A, near a high-traffic intersection (84,000 vehicles daily), and within a densely populated area (5-mile population of 121,744). The property's proximity to Northport Medical Center (over 600,000 annual patient visits) and the University of Alabama campus further enhances its desirability. The strong tenant, coupled with the favorable lease terms and strategic location, makes this a compelling investment opportunity. The asking price is $2,660,704. The property is located at 1425 McFarland Blvd, Northport, AL 35476.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northport
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.5725
- Latitude
- 33.2371
- CBSA code
- 46220
- CBSA name
- TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA
