2701 Hwy 78th E Jasper, AL 35501-3429
- Drive through restaurants
- 3,757 SF
- 1.32 lot acres
Current Use by Public Records
- JJ Towing - Tow Truck Service / Towing Service
- Arby's / Deli / Takeout Restaurant
Property Details for 2701 Hwy 78th E
- Year built
- 2000
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.32 lot acres
- Property size
- 3,757 SF
- Zone code
- O
- Property type
- Drive through restaurants
- APN
- 17-01-11-2-205-002.004
- APU
- 1701112205002004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,080,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,225,000
- 6.5%
- $2,020,000
- 7%
- $2,155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,060,000
- Geo Method
- $1,890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,070,000
- Retail
- $2,070,000
- Mixed-Use
- $2,285,000
- Hospitality
- $2,400,000
- Educational
- $2,195,000
- Residential Income
- $2,215,000
- Energy
- $1,760,000
- Income-Based Land
- $2,150,000
- Food Service
- $2,280,000
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Walker
- State
- Alabama
- Longitude
- -87.2439
- Latitude
- 33.8418
- CBSA code
- 27530
- CBSA name
- JASPER, AL MICROPOLITAN STATISTICAL AREA
