504 Meighan Blvd Gadsden, AL 35903-1914
Property profile & analytics
504 Meighan Blvd, Gadsden, AL 35903-1914
- Drive through restaurants
- 2,776 SF
- 1.31 lot acres
Property ID
US03-2901658
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
- Krispy Kreme / Bakery / Discount Store
Property Details for 504 Meighan Blvd
- Year built
- 2015
- Lot size
- 1.31 lot acres
- Property type
- Drive through restaurants
- APN
- 15-02-10-1-000-001.004
- APU
- 1502101000001004
Description
This exceptional investment opportunity presents a 2,671 square foot Krispy Kreme restaurant located at 504 E Meighan Blvd, Gadsden, Alabama, 35903. The property sits on a 1.31-acre lot and boasts a strong financial performance, with a Net Operating Income (NOI) of $77,500 and a 5.10% cap rate. Built in 2015, this state-of-the-art facility includes a drive-thru and is currently operating at 100% occupancy under a single-tenant, absolute NNN ground lease with Krispy Kreme, Inc. The lease commenced October 1, 2015, and expires September 30, 2032, with four, five-year renewal options remaining. The asking price is $1,519,608, representing a price per square foot of $568.93. This prime retail location is situated in a high-traffic area, benefiting from its proximity to a top-performing Walmart, River Trace shopping center (anchored by Hobby Lobby, Ross, Five Below, and Shoe Carnival), and Coosa Town Center (anchored by T.J. Maxx, Old Navy, and Bealls). The property enjoys significant daily traffic volume on E Meighan Boulevard, exceeding 35,000 cars. Furthermore, its adjacency to Gadsden Regional Medical Center further enhances its visibility and accessibility. This investment offers a secure, long-term lease with a nationally recognized brand in a thriving retail corridor.
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
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Location Insight
- Map
- Local Demand
- City
- Gadsden
- County
- Etowah
- State
- Alabama
- Longitude
- -85.9854
- Latitude
- 34.0093
- CBSA code
- 23460
- CBSA name
- GADSDEN, AL METROPOLITAN 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
$15,220
$170,880
$139,740
$310,620
-
$854,400
$698,700
$1,553,100
