For Sale
$1,360,000

1003 Us-80 Demopolis, AL 36732

High-traffic location, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 3,702 square foot Burger King restaurant located at 1003 US-80 in Demopolis, Alabama, 36732. The property sits on a 1.5-acre lot and boasts a prime location on a highway with over 33,000 vehicles passing daily, ensuring high visibility and accessibility. Built in 2014, this Class B property is currently operating under a 20-year absolute NNN lease with 14 years remaining, expiring October 31, 2038. The lease commenced October 29, 2018, and includes a 10% rent increase every five years. The current tenant is a franchisee, offering strong financial backing. The property generates a substantial net operating income (NOI) of $85,000, resulting in a 6.25% cap rate. The asking price is $1,360,000. The property's strong performance is further evidenced by a healthy rent-to-sales ratio of approximately 8%, and a 5.5% sales increase in 2023. Additional potential income exists based on 2023 sales exceeding a percentage override threshold. The property's proximity to Whitfield Regional Hospital (a 99-bed facility), Demopolis High School (630 students), and a Walmart Supercenter-anchored shopping center adds to its desirability and long-term value. This is a passive investment opportunity with minimal landlord responsibilities, offering significant potential for future growth and return.

Highlights

  • 14.5 years remaining on a 20-year absolute NNN lease.
  • Absolute NNN lease; zero landlord responsibilities.
  • Leased to Bulldog Restaurants, LLC, a Starboard Investments subsidiary operating 50+ Jimmy Johns and 35 Burger Kings.
  • Potential for approximately $5,200 in additional annual income based on 2023 sales exceeding a percentage override threshold.
  • Strong sales trends; 5.5% sales increase in 2023 and a healthy 8% rent-to-sales ratio.
  • High visibility and accessibility; located on US Highway 80 with 33,030 vehicles per day.

Property Details for 1003 Us-80

Property type
Retail properties, Restaurants
Square Feet
3,702 SF
Class
B
Year Built
2014
Buildings
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Demopolis
County
Marengo
State
Alabama
Latitude
32.5035792
Longitude
-87.825232
1003 Us-80, Demopolis, Alabama

FAQs

What type of property is this?
Retail property - High-traffic location, strong NOI.
Where is the retail property located?
The property is located at 1003 Us-80 Demopolis, AL.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: 14.5 years remaining on a 20-year absolute NNN lease.; Absolute NNN lease; zero landlord responsibilities.; Leased to Bulldog Restaurants, LLC, a Starboard Investments subsidiary operating 50+ Jimmy Johns and 35 Burger Kings.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1003 Us-80
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message