2801 Highway 78 E Jasper, AL 35501
Property profile & analytics
2801 Highway 78 E, Jasper, AL 35501
- Drive through restaurants
- 3,115 SF
- 0.90 lot acres
Property ID
US03-2930631
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
- Wendy's / Restaurant / Take-out & Catering
Property Details for 2801 Highway 78 E
- Year built
- 2016
- Construction
- METAL FRAME
- Lot size
- 0.90 lot acres
- Property type
- Drive through restaurants
- APN
- 17-01-11-1-102-012.003
- APU
- 1701111102012003
Description
This exceptional investment opportunity presents a newly constructed, 2,500 square foot Starbucks located at 2801 Hwy 78 East in Jasper, Alabama (zip code 35501). Situated on a 1.21-acre lot, this single-tenant property boasts a 100% occupancy rate and a strong net operating income (NOI) of $150,000, yielding a 6.35% cap rate. The asking price is $2,362,205, translating to $944.88 per square foot. This is a net lease (NN) investment with a credit-rated tenant and a corporate guarantee from Starbucks Corporation, providing significant security. The lease commenced October 1, 2024, and has a remaining term of 9.9 years, extending to October 31, 2034. Five 5-year lease options are included, each with a 10% rent increase. The property benefits from its location near various big-box retailers, apartments, and schools, within a densely populated area. Jasper's strong demographics, with over 21,554 residents within a 5-mile radius, further enhance the investment's appeal. The property's proximity to Birmingham, Alabama, and its educational institutions, adds to its long-term growth potential. This is a rare opportunity to acquire a high-performing, nationally branded asset with a secure, long-term lease. The building was constructed in 2024.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Walker
- State
- Alabama
- Longitude
- -87.2427
- Latitude
- 33.8418
- CBSA code
- 27530
- CBSA name
- JASPER, AL MICROPOLITAN 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
$8,646
$57,840
$158,320
$216,160
-
$289,200
$791,600
$1,080,800
