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Whataburger - Huntsville MSA 14751 US-231

3,538 SF Retail Building Hazel Green, AL 35750 £2,313,330 (£654/SF) 6.25% Net Initial Yield

Investment Highlights

  • NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
  • OPEN 24 HOURS / 7-DAYS PER WEEK
  • SCHEDULED RENT INCREASES OF 10% EVERY 5-YEARS DURING THE PRIMARY LEASE TERM & OPTIONS

Executive Summary

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE

SCHEDULED RENT INCREASES OF 10% EVERY 5-YEARS DURING THE PRIMARY LEASE TERM & OPTIONS

OPEN 24 HOURS / 7-DAYS PER WEEK

LATEST WHATABURGER BUILDING DESIGN | LARGE OUTDOOR SEATING AREA

HUNTSVILLE ALABAMA MSA LOCATION: RANKED AMONG COUNTRY’S MOST PROSPEROUS METROS FOR 2023 (BY MYELISTING.COM)

WHATABURGER - RENOWNED BURGER CHAIN & RAPIDLY EXPANDING

(1) Lease Terms, Building Specifications, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.
(2) Source: https://huntsvillebusinessjournal.com

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,538 SF
Building Class
B
Year Built
2023
Price
£2,313,330
Price Per SF
£654
Net Initial Yield
6.25%
NOI
£144,583
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.96 AC
Zoning
C
Parking
30 Spaces (8.48 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Drive Thru
  • Monument Signage
  • Air Conditioning

Links

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Nearby Major Retailers

Starbucks
Foodland

PROPERTY TAXES

Parcel Number 04-06-13-4-000-060.004 Improvements Assessment £13,196
Land Assessment £80,359 Total Assessment £93,556

PROPERTY TAXES

Parcel Number
04-06-13-4-000-060.004
Land Assessment
£80,359
Improvements Assessment
£13,196
Total Assessment
£93,556
(415) 625-2114

Contacts

  • Listing ID: 34234498

  • Date on Market: 18/12/2024

  • Last Updated:

  • Address: 14751 US-231, Hazel Green, AL 35750

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© 2024 CoStar Group

Whataburger - Huntsville MSA | 14751 US-231
(415) 625-2114 x

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John Glass

(415) 625-2114

(415) 625-2114

Jason Hernandez

(916) 724-1300

(916) 724-1300

Eddie Greenhalgh

(205) 807-6554

(205) 807-6554

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