2701 Highway 78Jasper, AL 35501

Property Details for 2701 Highway 78

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.32 AC

Property size (Sq ft)

3,757 SF

Zone code

O

Property type

Drive through restaurants

APN

17-01-11-2-205-002.004

APU

1701112205002004

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $917,961

  6.5%

  $847,349

  7%

  $786,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $636,457

  Geo Method

  $762,154

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,662,160

  Mixed-Use / Specialty

  $840,390

  Hospitality / Lodging

  $611,441

  Office

  $831,297

  Institutional / Educational

  $872,260

  Residential Income

  $1,020,540

  Multifamily

  $1,245,810

  Automotive / Energy

  $747,652

  Parking / Income-Based Land

  $261,895

  Restaurant / Food Service

  $428,690

  Healthcare / Senior Housing

  $865,842

Location Insight

City

Jasper

County

Walker

State

Alabama

Latitude

33.8418

Longitude

-87.2439

CBSA code

27530

CBSA name

JASPER, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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