$1,450,000
915 PATRIOT PKWY TUSCALOOSA AL 35405-8790
Details
APN 3606140005004010
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,408
Units 1
Cap Rate 6.79%
NOI $98,400
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Remaining Term 14
Rent Bumps Yes
Lease Options 2X5 years
Pro-Forma Cap Rate 6.79%
Pro-Forma NOI $98,400
Year Built 2001
Year Renovated 2022
Stories 1
Lot Size (SqFt) 39,186
Tenant Credit Franchisee, Corporate Guarantee
Ground Lease No
About This Property
Marketing description
- The Subject Property is just 5 miles from the University of Alabama Campus which has over 38,000 students enrolled and 7,000+ staff members
- Other nearby traffic generators include Shelton State College (7,000+ students), as well as local schools enrolling over 2,500 students
- Nearby national retailers in the area include: Walmart, Walgreens, CVS, Publix and more.
- 100% leased
- Long-term, 5-year 2X5 Years NNN lease with increases throughout
Investment highlights
- Located directly off Highway 69 South (±47,000 VPD) in a booming retail corridor with consistent growth. The sites are surrounded by retail, schools, and multifamily.
- Prime location at a signalized intersection along Highway 69 South, a highly trafficked retail corridor in Tuscaloosa, AL, which has grown 27.8% since 2001.
- 250 - 300 New homes build form subject property
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,400.00
$8,200.00/mo
Valuation Metrics
0
DSCR
6.79%
Cap Rate
6.79%
ROI
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