3370 Ross Clark CirDothan, AL 36303

Property Details for 3370 Ross Clark Cir

Year built

2006

Lot size

1.90 AC

Property size (Sq ft)

5,917 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

09-05-15-2-001-016-000

APU

905152001016000

Description

This exceptional investment opportunity presents a fee-simple ownership of a Walk-On's Sports Bistreaux in Dothan, Alabama. The property boasts a new 15-year absolute NNN lease, commencing May 17, 2023, and expiring November 30, 2039, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The 5,795 square foot restaurant, built in 2006 and renovated in 2024, sits on a 1.904-acre lot with ample parking (112 spaces). Located at 3370 Ross Clark Cir, Dothan, AL 36303, the property benefits from high visibility on a major thoroughfare with 33,179 cars passing daily. The property is 100% occupied, generating a strong net operating income (NOI) of $512,568, resulting in a 6.65% cap rate. The tenant, Walk-On's, is backed by a corporate guarantee from DBMC, the largest Walk-On's operator. The property's prime location is near major retailers like Sam's Club, Home Depot, Publix, and Hobby Lobby, as well as Wiregrass Commons Mall and Flowers Hospital, ensuring high traffic and strong tenant performance. The asking price is $7,708,000. This is a rare opportunity to acquire a secure, high-performing investment with significant long-term growth potential. The property is zoned commercial and has a parcel number of 09-05-15-2-001-016-000.

• CAP approach

  CAP return

  Valuation

  6%

  $878,544

  6.5%

  $810,964

  7%

  $753,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,012

  Geo Method

  $1,060,012

• Alternative Use

  Use

  Valuation

  Residential

  $684,078

  Hospitality

  $626,612

  Educational

  $521,334

  Medical

  $539,263

  Retail

  $810,964

Location Insight

City

Dothan

County

Houston

State

Alabama

Latitude

31.2413

Longitude

-85.4297

CBSA code

20020

CBSA name

DOTHAN, 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].