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34527873

611 Martin Street North, Pell City, AL 35125 For Sale

KL
01511997
NNN & Retail Group
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by NNN & Retail Group, Bang Realty
$1,490,000
4 days on market
Updated 4 days ago

Huddle House | Corporate | Annual Increases

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,379
Net Rentable (SqFt) 2,379
Units 1
Cap Rate 5.85%
NOI $87,165
Occupancy 100%
Tenancy Single
Brand/Tenant Huddle House
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 4, 5 Year Options
Price per SqFt $626
Year Built 1994
Acreage 0.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/17/2020
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

Retail | 5.85% CAP | 2,379 SqFt

Marketing description

NNN Retail Group is pleased to present the exclusive listing for Huddle House located at 611 Martin Street, Pell City, Alabama. This investment offers a rare opportunity to acquire a corporately guaranteed Huddle House with annual rent increases with approximately 14 years remaining on the initial lease term. The property is secured by Huddle House, Inc., one of the nation's longest standing family dining concepts with approximately 256 locations. The lease is an absolute NNN lease, which provides investors with passive ownership along with a rare 2% annual rent increases that continue throughout the remainder of the base term and renewal options, providing built-in income growth while protecting against inflation.

Strategically positioned just off Interstate 20, the property benefits from exceptional visibility and accessibility along one of Alabama's primary transportation corridors connecting Birmingham and Atlanta. Martin Street experiences approximately 17,500 vehicles per day while Interstate 20 carries nearly 39,700 vehicles daily, generating significant exposure to both local residents and regional travelers. The property is situated within one of Pell City's primary retail corridors and is surrounded by a strong lineup of national retailers including Walmart, Chick-fil-A, McDonald's, Burger King, Walgreens, Buffalo Wild Wings, Wendy's, Home Depot, Waffle House, KFC, Pizza Hut, Subway and very close to Iola Roberts Elementary School.

Pell City serves as the county seat of St. Clair County and continues to benefit from its strategic location along the Interstate 20 corridor between Birmingham and Atlanta. The city offers a diverse employment base supported by healthcare, education, retail, and manufacturing industries while attracting visitors through Logan Martin Lake and regional recreation. Jefferson State Community College, located less than two miles from the property, serves more than 7,500 students and contributes additional daytime traffic to the surrounding area. Combined with nearly 20,000 residents within a five-mile radius and a growing regional population, the property is well positioned to provide long-term stability for both the tenant and future ownership.

Investment highlights

  • Solid Store Sales with 8.58% Rent to Sales Ratio
  • Approximately 14 Years Remaining on a Corporately Guaranteed Triple Net (NNN) Lease
  • Very Little Landlord Responsibilities | Tenant Responsible for Roof, Structure, Taxes, Insurance & Maintenance
  • Rare 2% Annual Rent Increases Corporate Guaranteed Lease
  • Positioned Just Off Interstate 20 with Combined Traffic Counts Exceeding 57,000 Vehicles Per Day
  • Less Than Two Miles from Jefferson State Community College
  • Strategic Location Along the Birmingham-Atlanta Growth Corridor

Listing Contacts

KL
01511997
NNN & Retail Group
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by NNN & Retail Group, Bang Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$87,165.00
$7,263.75/mo

Valuation Metrics

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DSCR
5.85%
Cap Rate
5.85%
ROI

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