206 Hwy 278 BypPiedmont, AL 36272
- Retail properties
- 2,411 SF
Property Details for 206 Hwy 278 Byp
- Year built
- 2019
- Lot size
- 2.60 AC
- Property size (Sq ft)
- 2,411 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple owned KFC/Taco Bell restaurant located at 206 Highway 278 Bypass, Piedmont, Alabama 36272. The property boasts 2,411 square feet on a 2.6-acre lot, built in 2019. The property is subject to a 20-year triple-net (NNN) lease with a franchisee tenant, offering significant long-term stability. The current annual net operating income (NOI) is $73,101, representing a 5.50% capitalization rate based on the asking price of $1,329,115. The lease includes attractive annual rent increases of 1.50%, ensuring consistent growth in income. The lease term extends for 20 years, with four, five-year tenant renewal options, potentially extending the lease to a total of 40 years. This presents a compelling opportunity for passive income generation and long-term appreciation. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any diversified investment portfolio. The price per square foot is $551.27.
Location Insight
- City
- Piedmont
- County
- Cherokee
- State
- Alabama
- Latitude
- 33.9341
- Longitude
- -85.6106
Comparable in this City
Similar Nearby 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].