708 Boll Weevil Cir Enterprise, AL 36330-2032

This exceptional investment opportunity presents a newly constructed, 3,572 square foot Buffalo Wild Wings restaurant situated on a 0.753-acre lot at 708 Boll Weevil Cir, Enterprise, AL 36330. The property boasts a prominent location within an established retail corridor, benefiting from excellent visibility and access along Boll Weevil Circle, which sees 33,398 AADT. The 10-year net lease, commencing January 29, 2024, and expiring January 31, 2034, includes a 10% rent increase in year 6 and four 5-year lease options, providing a strong hedge against inflation. The property features a new outdoor patio and offers a 6.00% cap rate with a current NOI of $137,522, and an asking price of $2,292,000 ($641.66/sq ft). The robust demographics of the area, with a population of 38,279 and an average household income of $82,674 within a 5-mile radius, further enhance the investment potential. Nearby retail centers include Enterprise Shopping Center (anchored by ALDI), Westgate Shopping Center (anchored by PetSense), and Park Place Shopping Center (anchored by a top-performing Publix). Other major retailers in the vicinity include Walmart Supercenter, Hobby Lobby, and Walgreens. The property's strategic location is further strengthened by its proximity to Fort Novosel, a major Army Aviation center generating a $1.2 billion annual economic impact. The combined AADT within Enterprise's primary retail corridor totals 52,275.