For Sale
$1,420,000

12777 Us-80 Pike Road, AL 36064

High-growth area, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fee-simple, single-tenant Ellianos Coffee located at 12777 US-80, Pike Road, Alabama 36064. The 805-square-foot QSR/Fast Food property, built in 2023, sits on a 0.3-acre lot and boasts a 100% occupancy rate with a 13.5-year remaining lease term (expiring 05/31/2038). The lease commenced on June 13, 2023, and includes 2% annual rent bumps. The current Net Operating Income (NOI) is $96,000, yielding a 6.75% cap rate. The asking price is $1,420,000. This strategically located property benefits from its adjacency to Interstate 85, a major thoroughfare in Alabama, and proximity to significant residential development (nearly 3,000 housing units) with high average household incomes. Further enhancing its value is the planned development of a hotel, urgent care facility, and two restaurants in the immediate vicinity, promising increased traffic and customer base. The lease includes a 1, 5-year option. This is a triple net (NNN) lease with a franchisee tenant. The property's APN is 08-05-15-0-002-003.002. This presents a compelling opportunity for investors seeking a stable, high-growth investment in a prime location.

Highlights

  • Fee-simple, single-tenant Ellianos Coffee in Pike Road, AL.
  • 805 SF building on a 0.3-acre lot, built in 2023, with a 100% occupancy rate.
  • 13.5-year remaining lease (expiring 05/31/2038), with 2% annual rent increases and a 5-year option.
  • Strong NOI of $96,000, resulting in a 6.75% cap rate; asking price: $1,420,000.
  • Prime location adjacent to I-85, near 3,000 housing units with high average household incomes, and planned commercial development (hotel, urgent care, restaurants).

Property Details for 12777 Us-80

Property type
Retail properties
Square Feet
805 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
13,068 SF
Units
1

Location Insight

City
Pike Road
County
Montgomery
State
Alabama
Latitude
32.367699
Longitude
-86.050074
12777 Us-80, Pike Road, Alabama

FAQs

What type of property is this?
Retail property - High-growth area, strong NOI.
Where is the retail property located?
The property is located at 12777 Us-80 Pike Road, AL.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: Fee-simple, single-tenant Ellianos Coffee in Pike Road, AL.; 805 SF building on a 0.3-acre lot, built in 2023, with a 100% occupancy rate.; 13.5-year remaining lease (expiring 05/31/2038), with 2% annual rent increases and a 5-year option.
How can I contact the broker?
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12777 Us-80
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