3370 Ross Clark Cir Dothan, AL 36303

This exceptional investment opportunity presents a fee-simple ownership of a Walk-On's Sports Bistreaux in Dothan, Alabama. The property boasts a new 15-year absolute NNN lease, commencing May 17, 2023, and expiring November 30, 2039, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The 5,795 square foot restaurant, built in 2006 and renovated in 2024, sits on a 1.904-acre lot with ample parking (112 spaces). Located at 3370 Ross Clark Cir, Dothan, AL 36303, the property benefits from high visibility on a major thoroughfare with 33,179 cars passing daily. The property is 100% occupied, generating a strong net operating income (NOI) of $512,568, resulting in a 6.65% cap rate. The tenant, Walk-On's, is backed by a corporate guarantee from DBMC, the largest Walk-On's operator. The property's prime location is near major retailers like Sam's Club, Home Depot, Publix, and Hobby Lobby, as well as Wiregrass Commons Mall and Flowers Hospital, ensuring high traffic and strong tenant performance. The asking price is $7,708,000. This is a rare opportunity to acquire a secure, high-performing investment with significant long-term growth potential. The property is zoned commercial and has a parcel number of 09-05-15-2-001-016-000.