819 Ann St Montgomery, AL 36107-2803

Property Details for 819 Ann St

Year built

2013

Construction

WOOD

Lot size

0.65 lot acres

Property size

3,325 SF

Property type

Drive through restaurants

APN

10-05-16-2-012-001.009

APU

1005162012001009

Description

This exceptional investment opportunity presents a 3,325 square foot Burger King restaurant located at 819 Ann St, Montgomery, AL 36107. The property sits on a 0.65-acre lot and is part of a Walmart Supercenter-anchored shopping center, enjoying excellent visibility and access from Ann Street, which boasts approximately 48,000 vehicles per day. The property benefits from a strong location, with proximity to I-85 (115,800 VPD), Alabama State University (3,828 students), Jackson Hospital (344-bed acute care hospital), and downtown Montgomery. The surrounding area boasts ideal demographics, with over 69,500 residents within a 3-mile radius and an average household income exceeding $74,500. The property features a 14-year remaining lease term (commencing October 29, 2018, and expiring October 31, 2038) with a 10% rent increase every five years. The tenant, Bulldog Restaurants, LLC, a subsidiary of Starboard Group, operates over 165 restaurants across eight states. This absolute NNN lease provides a passive investment with zero landlord responsibilities. The property's current NOI is $103,000, representing a 6.00% cap rate and a sub-8.5% rent-to-sales ratio. The asking price is $1,717,000. Built in 2013, this Class B property offers a secure and profitable investment opportunity with significant upside potential based on 2023 sales. The property is approximately five miles from Maxwell Air Force Base, adding to its strong tenant base and potential for future growth.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Longitude

-86.2705

Latitude

32.371

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments