596 Fieldstown Rd Gardendale, AL 35071-3437
- Turn key restaurants
- 4,548 SF
- 0.70 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
- Caliber Car Wash / Car Wash
Property Details for 596 Fieldstown Rd
- Year built
- 2001
- Lot size
- 0.70 lot acres
- Property size
- 4,548 SF
- Zone code
- C2
- Property type
- Turn key restaurants
- APN
- 14-00-11-4-010-007.000
- APU
- 1400114010007000
Description
This exceptional investment opportunity presents a fee-simple Caliber Car Wash located at 596 Fieldstown Rd, Gardendale, Alabama, 35071. The property boasts a substantial 3,648 square foot building situated on a 1.15-acre lot. Currently operating under a triple-net (NNN) lease with a corporate guarantee, this car wash offers significant financial stability. The lease commenced April 8, 2022, and has a remaining term of approximately 18.2 years, extending to January 31, 2043. The annual net operating income (NOI) is $258,472, resulting in a compelling 6.85% cap rate. The asking price is $3,773,315, translating to a price per square foot of $1,034.35. The lease includes annual rent increases of 2.00%, providing consistent growth potential. Furthermore, the lease includes three five-year renewal options, potentially extending the lease term to 35 years. This property is built in 2001 and qualifies for 15-year accelerated depreciation and bonus depreciation, offering additional tax advantages for the investor. The property's 100% occupancy ensures immediate cash flow. This is a rare opportunity to acquire a high-performing, long-term, and secure investment in a prime location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gardendale
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8214
- Latitude
- 33.653
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
