819 Ann St Montgomery, AL 36107-2803

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.