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1236 Beltline Rd SW
Decatur, AL 35601
Captain D's Seafood | Abs NNN | Annual Incrs · Retail Property For Sale
Investment Highlights
- 9 Years Remaining | Annual Increases | Options To Extend | Well-Known & Established QSR Brand
- Excellent Visibility & Access | 37,500 VPD Retail Thoroughfare |National/Credit Tenants | Direct Consumer Base
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant, Captain D’s LLC, recently exercised an early extension option, extending the lease an additional 5 years (9 years total), and has 2 (10-year) options remaining, demonstrating their commitment to the site
• The lease features 1.25% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• Captain D’s is the nation’s leading fast casual seafood restaurant with 535+ locations nationwide
• The lease features 1.25% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• Captain D’s is the nation’s leading fast casual seafood restaurant with 535+ locations nationwide
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,062 SF
Building Class
B
Year Built
1992
Price
$2,419,768 CAD
Price Per SF
$790.26 CAD
Cap Rate
7%
NOI
$169,407 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.85 AC
Zoning
M-1A - Light Industrial
Parking
56 Spaces (18.29 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 02-07-36-4-002-010.001 | Improvements Assessment | $128,099 CAD |
| Land Assessment | $74,357 CAD | Total Assessment | $202,456 CAD |
Property Taxes
Parcel Number
02-07-36-4-002-010.001
Land Assessment
$74,357 CAD
Improvements Assessment
$128,099 CAD
Total Assessment
$202,456 CAD
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