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29575884

4240 Florence Blvd, Florence, AL 35634

ZB
AL AL 000096420-0
Icon CRE
Listed by Icon CRE
$1,550,000
119 days on market
Updated 119 days ago

Burger King - Florence

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,569
Cap Rate 5.31%
NOI $82,290
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/16/2041
Remaining Term 15.5
Price per SqFt $434
Class A
Year Built 2019
Buildings 1
Stories 1
Acreage 1.400
Parking Spaces 39 spaces
Parking Per SqFt 10.93
Investment Type Net Lease
Lease Commencement 11/17/2021
Occupancy Date 11/17/2021
Ground Lease No

Retail | 5.31% CAP | 3,569 SqFt

Marketing description

Introducing 4240 FLORENCE BLVD - a prime retail property in Florence, AL! This single-tenant Burger King is strategically located on a bustling retail corridor, offering exceptional visibility and accessibility. The 3,569 SF stand-alone building features a drive-thru and ample on-site parking, catering to high traffic volumes from nearby national retailers, restaurants, and residential areas. With a lease expiration not until 2041 and an attractive 2025 NOI of $82,290, this property presents a lucrative investment opportunity. Benefit from an Absolute NNN Lease with percentage rent and a strong tenant in place. Don't miss out on owning this income-generating asset with long-term potential. For more details on this exceptional property, contact us today! This is your chance to own a premium commercial space at 4240 FLORENCE BLVD, FLORENCE, AL 35634!

Investment highlights

Percentage Rent lease. Continued growth YoY.

Listing Contacts

ZB
AL AL 000096420-0
Icon CRE
Listed by Icon CRE

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$82,290.00
$6,857.50/mo

Valuation Metrics

0
DSCR
5.31%
Cap Rate
5.31%
ROI

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Additional Information

Name
Zac Buckley
License
AL 000096420-0
Brokerage Phone
256-520-0342
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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