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Captain D's Seafood | Recent Extension 1236 Beltline Rd SW

3,062 SF Retail Building Decatur, AL 35601 £1,340,337 (£438/SF) 7% Net Initial Yield

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Investment Highlights

11 Years Remaining | Annual Increases | Options To Extend | Well-Known & Established QSR Brand
Excellent Visibility & Access | 37,500 VPD Retail Thoroughfare |National/Credit Tenants | Direct Consumer Base

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

• The tenant, Captain D’s LLC, recently exercised an early extension option, extending the lease an additional 5 years (11 years total), and has 2 (10-year) options remaining, demonstrating their commitment to the site
• The lease features 1.25% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• Captain D’s is the nation’s leading fast casual seafood restaurant with 540+ locations nationwide

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,062 SF

Building Class

Year Built

1992

Price

£1,340,337

Price Per SF

£438

Net Initial Yield

NOI

£93,824

Tenancy

Single

Number of Floors

Building FAR

0.08

Lot Size

0.85 AC

Zoning

M-1A - Light Industrial

Parking

56 Spaces (18.29 Spaces per 1,000 SF Leased)

Amenities

Freeway Visibility

Restaurant

Signage

Accommodation and Food Services
99,999 SF
$9.99
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They believe good seafood can transform any meal into a moment to remember. Throughout their 50-year history, their focus has been making great seafood available to everyone, every day and creating a place that makes an ordinary day feel special. From the friendly smiles and hand-crafted cooking of their crew members to their beachy restaurant design, they want you to feel relaxed as they transport you to the coast.