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Red Lobster 1030 Montgomery Hwy 9,585 SF Retail Building Vestavia Hills, AL 35216 $3,059,892 CAD ($319.24 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term, Absolute Triple-Net (NNN) Lease
- Affluent Community
- Strong Corporate Guarantee
- Robust Traffic Counts
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Red Lobster located at 1030 Montgomery Hwy S., Vestavia Hills, AL 35216. The site consists of roughly 9,585 rentable square feet of building space on an estimated 2.19-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $175,362 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,585 SF
Building Class
B
Year Built
1972
Price
$3,059,892 CAD
Price Per SF
$319.24 CAD
Cap Rate
8%
NOI
$244,791 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.19 AC
Zoning
B2
Frontage
207’ on Montgomery Hwy
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-00-30-3-002-002.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $936,087 CAD |
PROPERTY TAXES
Parcel Number
28-00-30-3-002-002.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$936,087 CAD
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
Andrew Darby -
Christopher Marks -
Surmount
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Red Lobster | 1030 Montgomery Hwy
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