1624 Hwy 72nd E Huntsville, AL 35811-9659
Property profile & analytics
1624 Hwy 72nd E, Huntsville, AL 35811-9659
- Drive through restaurants
- 3,154 SF
- 1.11 lot acres
Property ID
US03-0458714
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 1624 Hwy 72nd E
- Year built
- 1998
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.11 lot acres
- Property type
- Drive through restaurants
- APN
- 13-05-16-0-000-035.001
- APU
- 1305160000035001
Description
This exceptional investment opportunity presents a fee-simple ownership of a corporate-guaranteed Wendy's restaurant in Huntsville, Alabama. The property boasts a 3,154 square-foot building on a 1.11-acre lot, featuring 43 parking spaces. Built in 1998 and renovated in 2017, this Class B retail property operates under an absolute NNN lease with a remaining term of 11 years, expiring November 1, 2035. The lease includes four 5-year renewal options with 10% rent bumps every five years, providing a strong hedge against inflation. The current annual net operating income (NOI) is $108,058, representing a 5.00% cap rate on the asking price of $2,161,160 ($685.21 per square foot). The property enjoys a prime location on Highway 72 East, benefiting from high traffic counts exceeding 50,000 vehicles daily. Its strategic placement near a major mixed-use development, Trailhead Community Huntsville, multiple manufacturing plants (Mitchell Plastics & PPG Industries), a large rehabilitation hospital, and Alabama A&M University ensures consistent high traffic and strong demographics. The surrounding area boasts a dense population with high average household incomes, exceeding $112,050 within a 5-mile radius. This Wendy's location has a successful operating history of over 25 years, demonstrating its enduring appeal and profitability. The property's size and ample parking accommodate high restaurant volume. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential in a thriving Alabama market. The property's zoning is commercial, and the APN is 13-05-16-0-000-035.001. One gas pump is also on the property.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,060,000
- ML approach
- $2,060,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,291,000
Market price range: $600k - $2.05M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.5354
- Latitude
- 34.773
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,019
$77,460
$60,800
$138,260
-
$387,300
$304,000
$691,300
