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33260401
33260390

2951 Highway 78 E, Jasper, AL 35501 For Sale

JS
TN TN 333989
Franklin Street
Listed by Franklin Street
$2,000,000
48 days on market
Updated 48 days ago

Bojangles // New 15 Year Absolute NNN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,820
Cap Rate 6.25%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bojangles
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/06/2040
Remaining Term 13.8
Rent Bumps Yes
Lease Options 5 x 5 year options
Year Built 2019
Acreage 0.900
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/07/2025
Ground Lease No
Sale Condition 1031 exchange

Excellent Sales // High Traffic & Visibility

Marketing description

This ±2,820-square-foot Bojangles restaurant, located at 2951 Highway 78 E, Jasper, Alabama, is leased to Cedartown Chicken, LLC for a 15-year term. The lease is ABSOLUTE (NNN), with zero landlord responsibilities. Five 5-year extension options are available, and rent rises 10% every five years (including extensions). The base rent for years 1-5 is $125,000 annually, equivalent to $10,416.67 monthly.

Jasper, Alabama is a welcoming and vibrant city nestled in the scenic foothills of the Appalachian Mountains. Located about 40 miles northwest of Birmingham, it serves as the county seat of Walker County and offers a perfect blend of small-town charm and natural beauty. With access to stunning outdoor destinations like Smith Lake and the Bankhead National Forest, Jasper provides residents and visitors alike with abundant recreational opportunities and a strong sense of community.

Economically, Jasper has evolved into a diverse and forward-thinking city. While it has proud roots in the coal mining industry, the local economy has successfully diversified over the years. Today, the city benefits from a growing manufacturing sector, a strong healthcare system anchored by Walker Baptist Medical Center, and a thriving retail and service industry. Community leaders and entrepreneurs have embraced growth and innovation, supporting local business development and investing in infrastructure that enhances economic resilience and long-term prosperity.

Jasper continues to make positive strides in becoming a dynamic place to live, work, and invest. Its revitalized downtown area features locally owned shops, restaurants, and cultural events that reflect the city's warm spirit and creativity. With excellent schools, a low cost of living, and close proximity to Birmingham's metropolitan opportunities, Jasper stands out as a city that combines the best of rural charm with economic momentum.

Investment highlights

  • NEW 15-Year ABSOLUTE-NNN Lease
  • Excellent Visibility
  • 28,000 Vehicles per day
  • Surrounding Tenants include: New Starbucks, New Whataburger and Wendy's
  • Near Walmart, Aldi, Home Depot, Winn Dixie, Chick Fil A among others

Listing Contacts

JS
TN TN 333989
Franklin Street
Listed by Franklin Street

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Darron Kattan
License
000099929-0
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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