123 Premier DrGeneva, AL 36340
High-yield Burger King, 14.5 years remaining.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
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
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- 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 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 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].