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Burger King 43137 US Highway 72 3,418 SF Retail Building Stevenson, AL 35772 $2,704,351 CAD ($791.21 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Corporate Guarantee
- Strong Frontage on Main Throughway in the Area
- Dense Retail Corridor
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Burger King located at 43137 US Hwy 72, Stevenson, AL. The site consists of roughly 3,418 rentable square feet of building space on an estimated 1.1-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 10/30/2018. The current annual rent is $121,083 and has scheduled increases of 1.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,418 SF
Building Class
C
Year Built
2016
Price
$2,704,351 CAD
Price Per SF
$791.21 CAD
Cap Rate
6.25%
NOI
$169,022 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.10 AC
Parking
39 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
218’ on U.S. 72
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 14-03-08-0-000-143.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $244,299 CAD |
PROPERTY TAXES
Parcel Number
14-03-08-0-000-143.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$244,299 CAD
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Burger King | 43137 US Highway 72
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