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Burger King 14637 Highway 231 431 N 3,040 SF Retail Building Hazel Green, AL 35750 $3,902,400 CAD ($1,283.68 CAD/SF) 6% Cap Rate
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
$3,902,400 CAD
Price Per SF
$1,283.68 CAD
Cap Rate
6%
NOI
$234,140 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)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-06-24-0-000-001.002 | Improvements Assessment | $168,687 CAD |
| Land Assessment | $139,578 CAD | Total Assessment | $308,265 CAD |
Property Taxes
Parcel Number
04-06-24-0-000-001.002
Land Assessment
$139,578 CAD
Improvements Assessment
$168,687 CAD
Total Assessment
$308,265 CAD
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Burger King | 14637 Highway 231 431 N
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