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Property profile & analytics
FOR SALE
Drive through restaurants

2701 Highway 78 E Jasper, AL 35501

3,757 SF 1.32 ac lot Built 2000
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US03-1689447
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, Class A Arby's restaurant located at 2701 Hwy 78 E, Jasper, Alabama 35501. Built in 2000 and extensively renovated in 2024, this 3,757 square foot property sits on a 0.66-acre lot and boasts 28 parking spaces. The property features a strong absolute NNN lease with a corporate guarantee from Arby's Restaurant Group, ensuring consistent cash flow. The current lease, with a commencement date of February 29, 2000, and an expiration date of July 31, 2040, provides a remaining term of approximately 15.7 years. The lease includes rent bumps of 8% every 5 years, offering significant long-term growth potential. The property currently generates a Net Operating Income (NOI) of $127,500, representing a 5.00% cap rate on the asking price of $2,550,000. The tenant's exceptional sales performance contributes to a rent-to-sales ratio of approximately 4.20%. The lease also includes five 5-year renewal options, further securing the investment's longevity. This is a rare opportunity to acquire a high-performing, well-located, and financially secure Arby's restaurant with a long-term lease and significant upside potential. The property is 100% occupied and offers a stable, passive income stream.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,757 SF
Lot 1.32 ac (57,499 SF)
Zoning code O
APN 17-01-11-2-205-002.004
UPID US03-1689447
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JJ Towing - Tow Truck Service Auto Repair Shop
  • Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.08M
Owner & transaction history
Scott Elliot · 2 yrs held
Scott Elliot
since 2024
Last sale
$2.1M
2 recorded transactions
2024
$1,000
2024
$2.1M
Zoning & alternative use
O · Jasper, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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