323 Main E St Rainsville, AL 35986-4545
- Retail properties
- 1,800 SF
Current Use by Public Records
- Bryant's Speedy Lube / Brake Shop / Mechanic
- Valvoline Express Care / Oil Change Service
- Burger King / Restaurant / Fast Food Restaurant
Property Details for 323 Main E St
- Year built
- 1999
- Property size
- 1,800 SF
- Property type
- Retail properties
- APN
- 15-04-19-0-001-062.000
- APU
- 1504190001062000
Description
This exceptional investment opportunity presents a single-tenant, absolute triple-net (NNN) leased Burger King restaurant in Rainsville, Alabama. The property boasts a 3,794 square foot building situated on a 1.16-acre lot at 323 Main Street West, zip code 35986. With a lease expiration date of October 30, 2038, this investment offers a substantial remaining lease term of over 14 years. The property generates a strong net operating income (NOI) of $127,856, resulting in a compelling 6.50% cap rate. The asking price is $1,967,015, translating to a price per square foot of $518.45. Built in 2000, the restaurant benefits from built-in rent bumps. Main Street in Rainsville experiences high traffic volume, exceeding 13,370 vehicles per day, ensuring excellent visibility and accessibility. The property's location in Rainsville, strategically positioned between Huntsville and Chattanooga, benefits from a growing population and is surrounded by other well-known QSR brands including McDonald's, Taco Bell, Pizza Hut, and Subway. Burger King Corporation assumed control of this location in January. Rainsville is also known for its outdoor recreational opportunities. This is a rare opportunity to acquire a stable, high-performing, long-term net lease investment in a desirable location.
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
- Rainsville
- County
- Dekalb
- State
- Alabama
- Longitude
- -85.8422
- Latitude
- 34.4921
- CBSA code
- 22840
- CBSA name
- FORT PAYNE, AL MICROPOLITAN STATISTICAL AREA
