For Sale
$2,550,000

2701 Highway 78Jasper, AL 35501

Profitable NNN Lease, 15+ Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, Class A Arby's restaurant located at 2701 Hwy 78 E, Jasper, Alabama 35501. Built in 2000 and extensively renovated in 2024, this 3,757 square foot property sits on a 0.66-acre lot and boasts 28 parking spaces. The property features a strong absolute NNN lease with a corporate guarantee from Arby's Restaurant Group, ensuring consistent cash flow. The current lease, with a commencement date of February 29, 2000, and an expiration date of July 31, 2040, provides a remaining term of approximately 15.7 years. The lease includes rent bumps of 8% every 5 years, offering significant long-term growth potential. The property currently generates a Net Operating Income (NOI) of $127,500, representing a 5.00% cap rate on the asking price of $2,550,000. The tenant's exceptional sales performance contributes to a rent-to-sales ratio of approximately 4.20%. The lease also includes five 5-year renewal options, further securing the investment's longevity. This is a rare opportunity to acquire a high-performing, well-located, and financially secure Arby's restaurant with a long-term lease and significant upside potential. The property is 100% occupied and offers a stable, passive income stream.

Highlights

  • 2024 Renovation
  • Strong Sales History
  • New 15+ Year Lease Extension
  • Corporate Guarantee from Arby's Restaurant Group

Property Details for 2701 Highway 78

Property type
Lifestyle centers, Power centers
Square Feet
3,757 SF
Class
A
Year Built/Renovated
2000/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF
Units
1

Location Insight

City
Jasper
County
Walker
State
Alabama
Latitude
33.842657464952
Longitude
-87.243721346022
2701 Highway 78, Jasper, Alabama

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2701 Highway 78
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