504 Meighan BlvdGadsden, AL 35903

Property Details for 504 Meighan Blvd

Year built

2015

Lot size

1.31 AC

Property size (Sq ft)

2,776 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

15-02-10-1-000-001.004

APU

1502101000001004

Description

This exceptional investment opportunity presents a 2,671 square foot Krispy Kreme restaurant located at 504 E Meighan Blvd, Gadsden, Alabama, 35903. The property sits on a 1.31-acre lot and boasts a strong financial performance, with a Net Operating Income (NOI) of $77,500 and a 5.10% cap rate. Built in 2015, this state-of-the-art facility includes a drive-thru and is currently operating at 100% occupancy under a single-tenant, absolute NNN ground lease with Krispy Kreme, Inc. The lease commenced October 1, 2015, and expires September 30, 2032, with four, five-year renewal options remaining. The asking price is $1,519,608, representing a price per square foot of $568.93. This prime retail location is situated in a high-traffic area, benefiting from its proximity to a top-performing Walmart, River Trace shopping center (anchored by Hobby Lobby, Ross, Five Below, and Shoe Carnival), and Coosa Town Center (anchored by T.J. Maxx, Old Navy, and Bealls). The property enjoys significant daily traffic volume on E Meighan Boulevard, exceeding 35,000 cars. Furthermore, its adjacency to Gadsden Regional Medical Center further enhances its visibility and accessibility. This investment offers a secure, long-term lease with a nationally recognized brand in a thriving retail corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $863,090

  6.5%

  $796,698

  7%

  $739,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,139,500

  Geo Method

  $1,364,546

• Alternative Use

  Use

  Valuation

  Residential

  $672,045

  Hospitality

  $615,590

  Educational

  $512,163

  Medical

  $529,777

  Retail

  $796,698

Location Insight

City

Gadsden

County

Etowah

State

Alabama

Latitude

34.0093

Longitude

-85.9854

CBSA code

23460

CBSA name

GADSDEN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].