8368 Highway 72Madison, AL 35758

Property Details for 8368 Highway 72

Year built

2023

Lot size

1.45 AC

Property size (Sq ft)

8,538 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new Walk-On's Sports Bistreaux in Madison, Alabama. The property boasts a 15-year absolute NNN lease, commencing April 6, 2022, with four 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The 8,538 square foot restaurant, built and renovated in 2023, sits on a 1.45-acre lot and enjoys 100% occupancy. The property benefits from a corporate guaranty by DBMC, the largest Walk-On's operator, mitigating risk. Located at 8368 Hwy 72 W, Madison, AL 35758, this prime location offers exceptional visibility on a busy thoroughfare (42,900 cars per day), situated as an outparcel to the 550-acre Clift Farm Mixed-Use Development, anchored by Publix and a soon-to-open Costco. The surrounding area features a strong retail presence, including Walmart, Lowe's, and Target, along with Madison Hospital, contributing to high traffic volume. The average household income within one mile exceeds $130,000, indicating a robust consumer base. The property's strong financial performance is reflected in its current NOI of $548,378 and a 6.65% cap rate. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The asking price is $8,247,000.

Location Insight

City

Madison

County

Madison

State

Alabama

Latitude

34.7496

Longitude

-86.7642

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