123 Premier Dr Geneva, AL 36340
High-yield Burger King, 14.5 years remaining.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 14.5 years remaining on a 20-year absolute NNN lease.
- Passive investment; absolute NNN lease with zero landlord responsibilities.
- Strong tenant: Leased to Bulldog Restaurants, LLC, a Starboard Investments subsidiary operating numerous restaurants.
- Potential for immediate upside; 2023 sales exceeded percentage override thresholds, resulting in nearly $2,000 in additional unreported income.
- Strong sales growth; 8.5% increase in 2023 sales and a healthy sub-8.5% rent-to-sales ratio.
- 10% rent increases every five years, providing inflation protection.
Property Details for 123 Premier Dr
- Property type
- Retail properties, Restaurants
- Square Feet
- 3,435 SF
- Class
- B
- Year Built
- 2018
- Buildings
- 1
- Lot Size (sq. ft)
- 37,026 SF
- Units
- 1
Location Insight
- City
- Geneva
- County
- Geneva
- State
- Alabama
- Latitude
- 31.0496748
- Longitude
- -85.8988442
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Burger King, 14.5 years remaining.
- Where is the retail property located?
- The property is located at 123 Premier Dr Geneva, AL.
- What is the asking price?
- The asking price for this property is $1,117,000.
- What are key features of this property?
- This property features: 14.5 years remaining on a 20-year absolute NNN lease.; Passive investment; absolute NNN lease with zero landlord responsibilities.; Strong tenant: Leased to Bulldog Restaurants, LLC, a Starboard Investments subsidiary operating numerous restaurants.
- How can I contact the broker?
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