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14637 Highway 231 431 N
Hazel Green, AL 35750
Burger King · Retail Property For Sale
Executive Summary
Franklin Street is pleased to offer a rare absolute triple-net
Burger King Corporate Lease located on a Walmart outparcel in
Hazel Green, Alabama. Built in 2015, the 3,115-square-foot
corporate-operated restaurant sits on 0.97 acres and features
zero landlord responsibilities. The asset has 14.5 years of
remaining lease term with scheduled rent increases through
2038, providing stable, long-term cash flow.
Burger King Corporate Lease located on a Walmart outparcel in
Hazel Green, Alabama. Built in 2015, the 3,115-square-foot
corporate-operated restaurant sits on 0.97 acres and features
zero landlord responsibilities. The asset has 14.5 years of
remaining lease term with scheduled rent increases through
2038, providing stable, long-term cash flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,040 SF
Building Class
C
Year Built
2015
Price
$3,981,810 CAD
Price Per SF
$1,309.81 CAD
Cap Rate
6%
NOI
$238,904 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.96 AC
Zoning
C - Commercial
Parking
20 Spaces (6.58 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 04-06-24-0-000-001.002 | Improvements Assessment | $172,869 CAD |
| Land Assessment | $143,038 CAD | Total Assessment | $315,907 CAD |
Property Taxes
Parcel Number
04-06-24-0-000-001.002
Land Assessment
$143,038 CAD
Improvements Assessment
$172,869 CAD
Total Assessment
$315,907 CAD
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