2801 Hwy 78th E Jasper, AL 35501-8916
- Drive through restaurants
- 3,115 SF
- 0.90 lot acres
Current Use by Public Records
- Wendy's / Fast Food Restaurant / Hamburger Restaurant
Property Details for 2801 Hwy 78th E
- Year built
- 2016
- Construction
- METAL FRAME
- Lot size
- 0.90 lot acres
- Property size
- 3,115 SF
- 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 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
- Jasper
- County
- Walker
- State
- Alabama
- Longitude
- -87.2427
- Latitude
- 33.8418
- CBSA code
- 27530
- CBSA name
- JASPER, AL MICROPOLITAN STATISTICAL AREA
