For Sale
$1,329,115

206 Hwy 278 Byp Piedmont, AL 36272

Profitable QSR Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fee-simple owned KFC/Taco Bell restaurant located at 206 Highway 278 Bypass, Piedmont, Alabama 36272. The property boasts 2,411 square feet on a 2.6-acre lot, built in 2019. The property is subject to a 20-year triple-net (NNN) lease with a franchisee tenant, offering significant long-term stability. The current annual net operating income (NOI) is $73,101, representing a 5.50% capitalization rate based on the asking price of $1,329,115. The lease includes attractive annual rent increases of 1.50%, ensuring consistent growth in income. The lease term extends for 20 years, with four, five-year tenant renewal options, potentially extending the lease to a total of 40 years. This presents a compelling opportunity for passive income generation and long-term appreciation. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any diversified investment portfolio. The price per square foot is $551.27.

Highlights

  • Brand new 20-year absolute triple-net (NNN) lease with tenant in place at closing.
  • Attractive 1.50% annual rental increases.
  • Fee simple ownership.
  • Four (4) five (5)-year tenant renewal options, extending the potential lease term to 40 years.

Property Details for 206 Hwy 278 Byp

Property type
Retail properties
Square Feet
2,411 SF
Year Built
2019
Lot Size (sq. ft)
113,256 SF

Location Insight

City
Piedmont
County
Calhoun
State
Alabama
Latitude
33.9341139
Longitude
-85.6106035

FAQs

What type of property is this?
Retail property - Profitable QSR Net Lease Investment
Where is the retail property located?
The property is located at 206 Hwy 278 Byp Piedmont, AL.
What is the asking price?
The asking price for this property is $1,329,115.
What are key features of this property?
This property features: Brand new 20-year absolute triple-net (NNN) lease with tenant in place at closing.; Attractive 1.50% annual rental increases.; Fee simple ownership.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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206 Hwy 278 Byp
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