2701 Highway 78Jasper, AL 35501
- Retail properties
- 3,757 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,168,094
- 6.5%
- $1,078,241
- 7%
- $1,001,224
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,542,184
- Geo Method
- $1,846,758
-
Alternative Use
- Use
- Valuation
- Residential
- $909,536
- Hospitality
- $833,130
- Educational
- $693,155
- Medical
- $716,993
- Retail
- $1,078,241
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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