2701 Highway 78Jasper, AL 35501

  • Retail properties
  • 3,757 SF
For Sale
$2,550,000 View listing

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
2701 Highway 78, Jasper, Alabama

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,126
$52,020
$126,140
$178,160
-
$260,100
$630,700
$890,800

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