For Sale
$2,550,000

2701 Highway 78 Jasper, AL 35501

Profitable NNN Lease, 15+ Years Remaining

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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

FAQs

What type of property is this?
Lifestyle center - Profitable NNN Lease, 15+ Years Remaining
Where is the lifestyle center located?
The property is located at 2701 Highway 78 Jasper, AL.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 2024 Renovation; Strong Sales History; New 15+ Year Lease Extension
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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2701 Highway 78
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