708 Boll Weevil CirEnterprise, AL 36330
- Retail properties
- 8,000 SF
Property Details for 708 Boll Weevil Cir
- Year built
- 1975
- Lot size
- 1.41 AC
- Property size (Sq ft)
- 8,000 SF
- Property type
- Retail properties
- APN
- 1605151000014001
- APU
- 1605151000014001
Description
This exceptional investment opportunity presents a newly constructed, 3,572 square foot Buffalo Wild Wings restaurant situated on a 0.753-acre lot at 708 Boll Weevil Cir, Enterprise, AL 36330. The property boasts a prominent location within an established retail corridor, benefiting from excellent visibility and access along Boll Weevil Circle, which sees 33,398 AADT. The 10-year net lease, commencing January 29, 2024, and expiring January 31, 2034, includes a 10% rent increase in year 6 and four 5-year lease options, providing a strong hedge against inflation. The property features a new outdoor patio and offers a 6.00% cap rate with a current NOI of $137,522, and an asking price of $2,292,000 ($641.66/sq ft). The robust demographics of the area, with a population of 38,279 and an average household income of $82,674 within a 5-mile radius, further enhance the investment potential. Nearby retail centers include Enterprise Shopping Center (anchored by ALDI), Westgate Shopping Center (anchored by PetSense), and Park Place Shopping Center (anchored by a top-performing Publix). Other major retailers in the vicinity include Walmart Supercenter, Hobby Lobby, and Walgreens. The property's strategic location is further strengthened by its proximity to Fort Novosel, a major Army Aviation center generating a $1.2 billion annual economic impact. The combined AADT within Enterprise's primary retail corridor totals 52,275.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,187,823
- 6.5%
- $1,096,452
- 7%
- $1,018,134
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,433,174
- Geo Method
- $1,433,174
-
Alternative Use
- Use
- Valuation
- Residential
- $924,898
- Hospitality
- $847,202
- Educational
- $704,862
- Medical
- $729,103
- Retail
- $1,096,452
Location Insight
- City
- Enterprise
- County
- Coffee
- State
- Alabama
- Latitude
- 31.3252
- Longitude
- -85.8313
- CBSA code
- 21460
- CBSA name
- ENTERPRISE-OZARK, AL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].