For Sale
$1,695,000

819 Forrest AveEast Brewton, AL 36426

High-Yield QSR Portfolio - Absolute NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,572 square foot, brand-new (2024) retail property in East Brewton, Alabama, currently occupied by a portfolio of well-known QSR brands including Taco Bell, Burger King, Chick-fil-A, Chipotle, and Jack's. The property boasts a strong 5.90% cap rate and a substantial net operating income (NOI) of $100,000. The absolute NNN lease features a corporate guarantee from Jack's, providing significant credit enhancement and security. The 20-year lease includes 10% rent bumps every five years and four, five-year renewal options, ensuring long-term, stable cash flow. Located at 819 Forrest Ave, East Brewton, AL 36426, this property benefits from high traffic counts exceeding 11,200 vehicles per day and is situated in an affluent submarket with an average household income of nearly $60,000 within a five-mile radius. The property also includes truck parking. The asking price is $1,695,000. This is a rare opportunity to acquire a high-quality, passively managed investment with exceptional long-term growth potential. The location is approximately two hours north of popular Gulf Coast beaches. The Jack's Family Restaurants portfolio is backed by a 260+ unit guarantee and is expanding at a rate of approximately 20 new locations annually. This built-in credit enhancement further strengthens the investment's stability and future prospects. The property's conservative rent-to-sales ratio adds to its overall appeal.

Highlights

  • Corporate guarantee from 260+ Jack's locations.
  • Jack's expanding by ~20 locations annually, enhancing creditworthiness.
  • Exceptional rent-to-sales ratio.
  • New construction with ample truck parking.
  • High-income area; average household income within 5 miles is nearly $60,000.
  • High traffic counts exceeding 11,200 vehicles daily.

Property Details for 819 Forrest Ave

Property type
Retail properties, Restaurants
Square Feet
3,572 SF
Year Built
2024

Location Insight

City
East Brewton
County
Escambia
State
Alabama
Latitude
31.0910689
Longitude
-87.060989
819 Forrest Ave, East Brewton, Alabama

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819 Forrest Ave
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